10 Oct 2017 16:28

Sonatrach, Transneft sign memorandum on cooperation

ZERALDA (Algiers). Oct 10 (Interfax) - Algeria's Sonatrach and Transneft have signed a memorandum on cooperation, an Interfax correspondent reports from the signing ceremony.

The document was signed during a meeting between Russian and Algerian prime ministers Dmitry Medvedev and Ahmed Ouyahia.

Transneft had earlier said that the company intends to cooperate in non-destructive testing and improving the safety of pipeline operation in the framework of the memorandum. Preparation for the document took two years.

Cooperation with Sonatrach will allow Transneft to promote its services, technology and products on the African market.

Sonatrach works in exploration, production, transportation, processing and sales of oil and gas. The company runs over 20,000 km of trunk pipeline, owns petrochemical production facilities, a water distillation plant, four LNG plants and five refineries.