Chevron (CVX), Sonatrach Ink MOU for Hydrocarbon Exploration

Chevron Corporation (CVX) , an integrated oil and gas company, and Sonatrach, Algeria’s national oil company, entered into a Memorandum of Understanding (MOU) aimed at jointly developing hydrocarbon resources in Algeria's Ahnet and Berkine basins. This strategic agreement marks a significant step toward enhancing exploration and production activities in these gas-rich regions.Objectives of the AgreementThe MOU between CVX and Sonatrach outlines several key objectives:Resource Development: The primary focus ...