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Forbes/AFX News: Shell, Sonatrach sign MoU to jointly explore investments in Algeria

AFX News Limited
Shell, Sonatrach sign MoU to jointly explore investments in Algeria
LONDON (AFX) – Royal Dutch Shell PLC said it signed a memorandum of understanding with Algerian state-owned energy group Sonatrach to jointly explore investment opportunities in Algeria and elsewhere.
Upstream development projects, including a possible asset swap, are among the key areas they will be looking at, Shell said in a statement.
They will also be studying potential alliances in the LNG and marketing and distribution businesses.
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