US signs $1 bn agreement with Sonatrach
The U.S. Export-Import Bank (Exim Bank), a federal government agency, on 28 October signed a preliminary deal with Algeria's state-owned oil and gas company Sonatrach to provide a $1,000 million credit line to finance various energy projects. 'Sonatrach has been a partner of Exim Bank for more than 30 years, and Algeria is an important market for U.S. exporters,' said Exim Bank Chairman Philip Merrill in a statement. Sonatrach is at present embarking on an ambitious programme to upgrade ...
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