EDP, Sonatrach partnership backed by Portugal, Algeria govts - Socrates |
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Published
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Mon, 22 Jan 2007 09:57
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LISBON (AFX) - Prime minister Jose Socrates said that the Portuguese and Algerian governments support a strategic partnership between EDP Energias de Portugal SA and Algerian energy group Sonatrach, Diario Economico reported.'Sonatrach and EDP are studying a strategic partnership, which is supported by both governments,' the paper quotes Socrates as saying yesterday in Algiers, where he arrived to attend a Portugal-Algeria summit.'We already have a strategic cooperation with Algeria and we are committed in making that partnership be represented in our companies.'Sonatrach could acquire a 5 pct stake in EDP, the paper adds.luis.morais@thomson.comlm/anCOPYRIGHTCopyright AFX News Limited 2006. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited
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Algeria, Russia set to strengthen energy cooperation 