Brazil/Algeria Accord to Bring Gas to Brazil

Brazil's Petrobras refinery Brazilian state-controlled oil company Petrobras and Algerian state-owned Sonatrach, signed on Saturday, May 26, a memorandum of understanding. The document envisages the study, among other projects, of cooperation for the Brazilian import of liquefied natural gas (LNG). This information was disclosed by a Petrobras spokesperson.

Sonatrach is the largest oil company on the African continent and the 12th largest in the world, according to Petroleum Intelligence Weekly (PIW).

Algerian gas, according to the Petrobras statement, would be used in terminals that the company is implementing in Pecém Port, in the northeastern Brazilian state of Ceará, and in Guanabara Bay, in the southeastern state of Rio de Janeiro.

The agreement, signed in Algeria, also foresees studies in the area of exploration and production on onshore, and especially offshore, blocks in Brazil, Algeria and in some countries of common interest.

Petrobras and Sonatrach also established a Master Agreement contract for the LNG supply, with general clauses that establish the guidelines for both countries for a possible future sale and purchase of LNG.

The agreement was signed by Petrobras president José Sergio Gabrielli de Azevedo, and by the director general of Sonatrach, Mohamed Meziane. The Master Agreement was signed by the Petrobras Gas and Energy director, Ildo Sauer, and by the executive vice president at Sonatrach, Chawki Rahal.

Anba

Tags:

You May Also Like

Brazilian Judge Recants and Is Now in Favor of Uncontacted Indians

A judge from Brazil has reinstated orders protecting an uncontacted Amazonian tribe following international ...

Only Huge Mass Mobilizations Will Bring Change, Says Brazil’s Landless Leader

The main leader of Brazil’s Movement of Landless Rural Workers (MST), João Pedro Stédile, ...

Brazil Downplays Chavez Snub. He Skips Mercosur Summit to Go Arms Shopping in Moscow

Venezuela's President Hugo Chavez' likely failure to attend the upcoming Mercosur presidential summit in ...

Brazilian Industry Unhappy with Little Domestic Demand

The industrial activity registered in Brazil in April continued the upward trend initiated in ...

Designer Beachwear Made in Brazil from Plastic Bottle Yarn

Milena HamanÀ­, a young designer from Brazil, has closed her first foreign sales deals ...

Brazil Buys ExxonMobil’s Assets in Chile for US$ 400 Million

Petrobras, the Brazilian government-controlled oil and gas multinational, signed this week the purchase of ...

Despite Crisis Brazil & LatAm Neighbors Get US$ 139 Bi from Overseas, a 9% Boost

The global crisis doesn't seem to have affected direct foreign investments in Latin America ...

Brazil Has 42 Million Volunteers

Brazil’s National Volunteer Day was commemorated yesterday, August 28. According to a study conducted ...

Church to Help Brazil Fight Malnutrition Among Indians

Workers from the Catholic Church’s Children’s Pastoral Commission, in Brazil, will reinforce the efforts ...

A Rebel’s End of the Road

Don Paulo Evaristo Arns is out of the São Paulo archidiocese. It is the ...