Total Trades Assets To Strengthen Sonatrach Links

Algeria's state-owned oil and gas group Sonatrach has been seeking to expand its international portfolio through deals with international oil companies (IOCs). The strategy is bearing fruit, with Paris-based Total ceding a 20% stake in the Mauritanian Taoudenni permit to Sonatrach. The concession was owned previously 100% by the French oil major. It will remain the project operator, with an 80% interest.

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