ALGIERS, June 15 (Xinhua) -- Algeria's state-owned oil company, Sonatrach, signed on Thursday a contract worth of 800 million U.S. dollars with Indonesian and Spanish energy companies to jointly explore and produce hydrocarbons.
Indonesia's Pertamina and Spain's Repsol, already partners with Sonatrach since September 2022, will join the exploitation of the Menzel Lejmat area (Block 405a) in southeastern Algeria, which is expected to facilitate the recovery of nearly 150 million barrels of oil equivalent, said a statement issued by Sonatrach.
Pertamina and Repsol are also partners of Sonatrach in the exploration of the Oulad N'sir area (Blocks 405 & 215), the statement said. ■