10th Apr 2017 14:45
SONATRACH*, Algeria’s state energy company, and Total (Paris:FP) (LSE:TTA) (NYSE:TOT) today signed a comprehensive agreement strengthening the existing partnership between the two companies.
The agreement enables SONATRACH and Total to expand their partnership by progressing new upstream projects, notably with a new contractual framework for the Timimoun project, continued joint operations for the TFT field under a new agreement and joint development of a new project, as well as the amicable settlement of outstanding differences between the two companies.
The accord also enhances cooperation in other areas including exploration, petrochemicals, solar and international developments.
The agreement underscores the willingness of SONATRACH and Total to continue to work together to further develop and strengthen their historic partnership.
* Société Nationale pour la Recherche, la Production, le Transport, la Transformation et la Commercialisation des Hydrocarbures (SONATRACH)
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About Total
Total is a global integrated energy producer and provider, a leading international oil and gas company, and a major player in solar energy with SunPower and Total Solar. Our 98,000 employees are committed to better energy that is safer, cleaner, more efficient, more innovative and accessible to as many people as possible. As a responsible corporate citizen, we focus on ensuring that our operations in more than 130 countries worldwide consistently deliver economic, social and environmental benefits. total.com
Media Relations - Total+33 (0) 1 47 44 46 99[email protected]orInvestor Relations - Total+ 44 (0)207 719 7962+ 1 713 483 5070
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