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Sonatrach secures Canadian ECA deal

State-owned energy company Sonatrach signed in late September a $500 million finance agreement with Export Development Canada (EDC) for the purchase by Sonatrach and its subsidiaries of Canadian goods and services. The contract simplifies credit procedures and aims to reduce delays to business transactions. Two days later, EDC extended a $100 million line of credit to finance the supply of goods and services from various industries across Canada, primarily non-oil related, ...

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