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- Title
Energy: Algeria.
- Abstract
The article reports on the External Bank of Algeria and HSBC signed cooperation agreement in Algiers. The joint contract plans to provide funding for large Sonatrach and Sonelgaz projects. According to the report, the company aims to spend a total of over $20 billion on pipelines, gas and petrochemical plants and upstream oil and gas developments. It states that the Bank of Algeria will bring the money, customers, knowledge of the market and the capacity to syndicate with the big local public banks.
- Subjects
ALGERIA; ALGIERS (Algeria); PETROLEUM chemicals industry; PETROLEUM industry; OIL &; gas leases; PETROLEUM law &; legislation; NATURAL gas laws; MINING leases; HSBC Holdings PLC
- Publication
Africa Research Bulletin: Economic, Financial & Technical Series, 2007, Vol 44, Issue 12, p17682
- ISSN
2053-227X
- Publication type
Article