Sunday June 7, 03:45 PM
Japanese, European firms ink gas deal with Algeria
ALGIERS (AFP) - Algerian oil and gas giant Sonatrach announced Sunday it has signed contracts worth 1.16 billion euros with Japan's JGC engineering firm and Swiss-Swedish power and automation technology group ABB (Virt-X: ABBN.VX - news) .
JGC signed a one-billion-euro (1.4-billion-dollar) 42-month contract for the engineering, procurement and construction of facilities in the Gassi Touil gas fields in southern Algeria, Sonatrach said on its website.
Sonatrach also signed a 160-million-euro deal with a consortium including ABB and Algeria's Sarpi for a 36-month project to modernise the production centres in the south's Haoud Berkaoui region.
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