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BUSINESS
October 26, 2005 | From Bloomberg News
Sempra Energy said it was in talks with Algeria's Sonatrach to import natural gas through one of Sempra's three terminals that are under development. Sempra, based in San Diego, has signed a preliminary agreement with state-owned Sonatrach to supply up to 500 million cubic feet of Algerian gas per day to Sempra's planned liquefied natural gas plant near Lake Charles, La., the company said.
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BUSINESS
October 26, 2005 | From Bloomberg News
Sempra Energy said it was in talks with Algeria's Sonatrach to import natural gas through one of Sempra's three terminals that are under development. Sempra, based in San Diego, has signed a preliminary agreement with state-owned Sonatrach to supply up to 500 million cubic feet of Algerian gas per day to Sempra's planned liquefied natural gas plant near Lake Charles, La., the company said.
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BUSINESS
June 10, 1991 | From Reuters
Algeria signed a five-year oil exploration contract Sunday with Los Angeles-based Occidental Petroleum Corp. Under the contract, the company will invest at least $32 million in prospecting for oil in 8,800 square miles near Hassi R'Mel in the Sahara, the Algerian state oil company Sonatrach said in a statement. The contract was signed while Algeria was under a state of siege after days of violent unrest involving Muslim fundamentalists demanding an Islamic state.
BUSINESS
August 13, 2001 | ABDELMALEK TOUATI, REUTERS
BP Amoco and Algerian state hydrocarbons firm Sonatrach signed a $2.5-billion deal to jointly develop Algeria's In Salah gas reserves, executives of the two firms said. BP Amoco will fund 65% of the development of the 200 billion cubic meters of gas over the next three decades and Sonatrach will contribute 35%, the firms said at the deal's signing ceremony Saturday in Algiers. "It is one of the two or three BP major investments in the world. . . .
BUSINESS
December 28, 1995
BP, Sonatrach Signs Gas Accord: British Petroleum Co. said it signed a $3.5-billion agreement with Algeria's state-owned oil company to explore for and produce gas in the Sahara. In one of its biggest gas projects ever, BP will fund 65% of the five-year investment; Sonatrach will fund the remainder.
BUSINESS
July 13, 1994 | From Times Staff and Wire Reports
Arco Will Invest $1 Billion in Algerian Oil Field: Arco International Oil & Gas Co., a subsidiary of Los Angeles-based Atlantic Richfield Co., said it has agreed with Sonatrach, the Algerian state oil company, to enhance oil recovery at the Rhourde El Baguel oil field, the second-largest field in the country. Arco expects to invest the $1 billion over the 25-year life of the project.
BUSINESS
August 13, 2001 | ABDELMALEK TOUATI, REUTERS
BP Amoco and Algerian state hydrocarbons firm Sonatrach signed a $2.5-billion deal to jointly develop Algeria's In Salah gas reserves, executives of the two firms said. BP Amoco will fund 65% of the development of the 200 billion cubic meters of gas over the next three decades and Sonatrach will contribute 35%, the firms said at the deal's signing ceremony Saturday in Algiers. "It is one of the two or three BP major investments in the world. . . .
WORLD
January 20, 2004 | From Times Wire Reports
An explosion in a tank of liquefied natural gas ripped through an Algerian refinery, killing at least 13 workers and injuring 74, officials said. The blast at state-run Sonatrach's refinery touched off a major fire that raged into the night in Skikda, a port on the gas-rich nation's eastern Mediterranean coast. The blast was believed to be accidental.
BUSINESS
July 22, 1986
The Houston-based company said it agreed during arbitration proceedings to pay a total of $335 million to General Dynamics, Moore McCormack Resources and Sonatrach, an Algerian-owned oil and gas company. The three companies had alleged that Panhandle Eastern breached agreements to purchase and transport Algerian liquefied natural gas. The settlement will result in a net after-tax charge of about $460 million to Panhandle Eastern's earnings in the second quarter.
BUSINESS
November 30, 1990 | United Press International
Anadarko Petroleum Corp. has announced that its wholly owned subsidiary, Anadarko Algeria Corp., has signed a contract with an Algerian drilling contractor to drill the first well of a multiwell program. The contract is with Enterprise Nationale des Travaux aux Puits. Plans call for the drilling to start in May, 1991. The agreement with ENTP is Anadarko's latest step in its 10-year joint venture with Sonatrach to find and develop crude oil reserves in the Algerian Sahara Desert.
BUSINESS
December 28, 1995
BP, Sonatrach Signs Gas Accord: British Petroleum Co. said it signed a $3.5-billion agreement with Algeria's state-owned oil company to explore for and produce gas in the Sahara. In one of its biggest gas projects ever, BP will fund 65% of the five-year investment; Sonatrach will fund the remainder.
BUSINESS
July 13, 1994 | From Times Staff and Wire Reports
Arco Will Invest $1 Billion in Algerian Oil Field: Arco International Oil & Gas Co., a subsidiary of Los Angeles-based Atlantic Richfield Co., said it has agreed with Sonatrach, the Algerian state oil company, to enhance oil recovery at the Rhourde El Baguel oil field, the second-largest field in the country. Arco expects to invest the $1 billion over the 25-year life of the project.
BUSINESS
June 10, 1991 | From Reuters
Algeria signed a five-year oil exploration contract Sunday with Los Angeles-based Occidental Petroleum Corp. Under the contract, the company will invest at least $32 million in prospecting for oil in 8,800 square miles near Hassi R'Mel in the Sahara, the Algerian state oil company Sonatrach said in a statement. The contract was signed while Algeria was under a state of siege after days of violent unrest involving Muslim fundamentalists demanding an Islamic state.
BUSINESS
January 31, 2005 | From Bloomberg News
Libya said it would put about 40 plots of land for oil exploration up for bid before April, after completing an auction Saturday that saw the return of U.S. energy companies to the North African state. Abdullah Badri, chairman of the state-owned National Oil Corp., called the auction "a big success." Drilling rights in 15 blocks were awarded to foreign companies, with Occidental Petroleum Corp. of Los Angeles, ChevronTexaco Corp. of San Ramon, Calif., and Amerada Hess Corp.
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