Egypt set to transfer state-owned enterprises to its sovereign wealth fund
Egypt is set to transfer management of state-owned enterprises to its sovereign wealth fund, aiming to enhance returns on state
Algeria's Sonatrach and China's Sinopec have entered into an $850 million hydrocarbon exploration and development contract, Sonatrach announced Tuesday. CEO Rachid Hachichi, speaking at the signing, disclosed ongoing contract negotiations with several major international firms, including Sinopec, Italy's Eni, France's Total, and U.S. companies Chevron and ExxonMobil, as well as a Swedish entity, as reported by the Algerian state news agency.
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