The U.S. Ambassador to Algeria Joan Polaschik attended the signing of an agreement between Algeria national oil company Sonatrach and GE Oil & Gas for the creation of a joint venture. The joint venture represents a continuation of GE’s ongoing investment in Algeria, now surpassing $36 million. This particular phase of the relationship will start with the in-country servicing of oil and gas exploration and production equipment (turbines, compressors, well heads, flow control equipment, etc.) and will steadily transition to the actual production of equipment in Algeria. The transfer of technological knowhow from a proven industry leader will assist Algeria in becoming a regional supplier of equipment.
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