Nakilat and Algeria’s state-run energy company Sonatrach will work together on a number of areas of common interest related to the marine transportation of hydrocarbons under a memorandum of understanding (MoU) signed on Sunday.
Potential areas of collaboration include the co-ownership of gas carriers, for which discussions are in progress regarding two liquefied natural gas (LNG) vessels, each with a capacity of 177,000m3. Collaboration for vessel dry-docking, and construction of vessels in both countries are also possible areas of cooperation.
Nakilat and Sonatrach, which is Africa’s largest oil and gas company, have agreed upon transportation collaboration for liquid petroleum gas (LPG).
The two companies have also discussed the sharing of technical information and experience as well as collaboration with regards to the logistical support of their fleets.
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