Sonatrach bans Saipam project
Algeria’s energy group Sonatrach withdrew natural gas prospecting from Italy’s Saipam in Ba Hamou basin 300 km south of Ghardaia province, Echorouk has learnt.
- The deal stipulated the drilling of three gas wells in the area of Bekrat in Mniaa. Saipam could not start works in the basin on time, said the same sources.
- Sonatrach decided to transfer the project privileges to German KCA which operates in the same field.
- This comes as the national oil group was hit by corruption cases and received instructions to respect investment project-related laws.