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Wednesday, October 18, 2017 16:54 GMT
Algeria's Sonatrach is looking to create joint ventures with trading companies for the marketing of its gas as the state-owned firm moves toward a new gas sales strategy, CEO Abdelmoumen Ould Kaddour said Tuesday. Speaking at the Oil & Money conference in London, Ould Kaddour said new deals with traders would not be priced on an oil-indexed basis and would not be long term -- a shift away from the company's long-standing marketing strategy. "We're trying to find new ways of exporting our gas...More