Sonatrach creates its International Holding Corporation (SIHC): 15 participations in foreign companies

Sonatrach holds direct participations including 15 companies and foreign projects in Algeria and abroad, according to the financial balance of the Algerian oil company 2009.

• Among the most important holdings, including in particualr those of 2.23% stake in Energias de Portugal for a total of 341.87 million euros.
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• This stake goes back to 2007. At that time, Sonatrach had planned to climb up to 5% in the capital of the Portuguese energy company based on which it wanted to expand into the Spanish market. But since then, things have not changed.
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• Other substantial holdings by Sonatrach abroad: two pipeline Medgaz and Galsi, with respectively 36% and 41.61% of shares. The national oil company also operated through its subsidiary Mauritania Naftec SA which owns 51% and 33% stake in the Mauritanian Gas Company.
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• Finally, Sonatrach has its own holding abroad: Sonatrach International Holding Corporation (SIHC) which holds 100% of whose capital is 282.02 million dollars.