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Transneft and Sonatrach sign Memorandum on Cooperation

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Hydrocarbon Engineering,

Transneft has announced that it has signed a Memorandum on Cooperation with Sonatrach National Company for exploration, production, transportation, refining and sales of hydrocarbons (Algeria).

The document was signed by Mikhail Margelov, Transneft Vice President, and Abdelmumen Uld Kaddur, Sonatrach CEO, as part of Russian Premier Dmitry Medvedev’s visit to Algeria.

Transneft and Sonatrach intend to cooperate in such fields as non-destructive screening and improvement of safety of the pipeline infrastructure operation. Transneft Diascan will play the principal part in promoting the cooperation.

The cooperation negotiations between Transneft, Transneft Diascan and Sonatrach have taken place over the last two years.

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