WorleyParsons signs agreement with Sonatrach in Algeria

Company News

by Rachael Jones

WorleyParsons (ASX:WOR) has signed a five-year framework agreement with Sonatrach in Algeria.   

WorleyParsons will support Sonatrach’s plans to develop its oil and gas production capacity over the next five years across a number of key projects.  

Sonatrach is Algeria’s national oil and gas company and is regarded as the largest Algerian company.  

They have a goal to become the fifth largest national oil company in the world.

Shares in WorleyParsons (ASX:WOR)are trading 0.1 per cent higher at $14.66. 

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.