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Sonatrach

Company Summary

Description

Sonatrach is an Algerian government-owned company formed to explore the hydrocarbon resources of the country. It has some concessions in Libya, Mauritania, Peru, Yemen and Venezuela

Website

https://www.sonatrach.dz/

Operational Regions

  • Middle East
  • Africa
  • Mediterranean

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Company Transactions

Date: 3/31/2020
Type: Acquisition

ASSETS:
  • Medgaz Pipeline
  • DETAILS:

    COST: 883 $MM

    NOTES:
    Spain's Naturgy Energy Group and Algeria's Sonatrech agreed to acquire a 42.09% stake in the Medgaz Pipeline from Abu Dhabi's state fund Mubadala. Naturgy is paying $493 million for a 34% stake while Sonatrech funds the remainder.
    REGIONS:
  • Mediterranean
  • Europe
  • Africa