Algeria signs gas field deal with oil giant ExxonMobil ...Kuwait

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Algeria signs gas field deal with oil giant ExxonMobil
Algeria's state oil company announced Thursday it signed a memorandum with ExxonMobil to develop two gas fields, a move an analyst called "a big step" for the country's energy ambitions. The two companies plan to "study the existing opportunities to develop the hydrocarbon resources in the Ahnet basin and the Gourara basin" in southern Algeria, Sonatrach said in a statement. The agreement was signed in Algiers by Sonatrach's chief executive Rachid Hachichi and the head of exploration at ExxonMobil, John Ardill. The companies did not give a figure for the scale of the investment or for the potential reserves in the two basins. According to Geoff Porter, an energy exp

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