News
17 January 2018

Vitol signs Algeria's first deal to refine oil abroad

In:
Oil & gas
Region:
Middle East & Africa

Sonatrach, Algeria's state-run energy producer, has signed an agreement with oil-trading Vitol to ship crude to Italy to be processed and sent back as refined products. It is the first deal of its kind to trim the country's $2 billion annual bill for imported fuel. Algeria will start by...

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