Subsidiaries of the SONATRACH group signed three memorandums of understanding with the Nigerien National Petroleum Company 'SONIDEB', including the establishment of a joint company for drilling oil and gas wells in Niger, cooperation in the acquisition and processing of seismic data, as well as the development of petroleum product distribution activities, in a new step to enhance the energy partnership between the two countries. The signing ceremony took place yesterday, Tuesday, in the presence of the Minister of State and Minister of Energy, Mohamed Arkab, the Minister of Petroleum of the Republic of Niger, Hamadou Tini, and the CEO of the SONATRACH group, Nourredine Daoudi, along with officials and representatives from both the Algerian and Nigerien companies.
Algeria - The process of expanding the powers of public administration representatives at the one-stop shops of the Algerian Investment Promotion Agency continues, through the delegation of State Property Administration representatives to prepare and sign lease contracts for economic land, as part of simplifying administrative procedures and accelerating the realization of investment projects.
Verification of sanctions lists and individuals and terrorist entities within a mandatory 24-hour passage through banking channels for all real estate transactions, allocating more than 20 percent of the chamber's budget to enhance oversight, inspecting all notary offices nationwide in four oversight rounds. Abdel Salam Boujmaline, Vice President of the National Chamber of Notaries, reveals in an exclusive interview with “Echorouk” the behind-the-scenes of the battle Algeria fought to exit the gray list of the Financial Action Task Force “GAFI”, and the role notaries played in achieving this accomplishment, confirming that this gain paves the way for removing Algeria from the European Union's blacklist, which would enhance investor confidence and facilitate transactions.
Algeria - The SONATRACH group reported in a statement on Sunday that the agreements signed in Berlin with the companies Bosch and Siemens Energy, on the sidelines of the official visit by the President of the Republic, Mr. Abdelmadjid Tebboune, to Germany, will enhance cooperation between the two countries in the field of energy transition.
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