Sonatrach terminates Petroceltic court, faces legal action

Sonatrach has pulled the plug on the Isarene permit, held by Petroceltic International.

The Algerian company accused Petroceltic of failing to meet its contractual obligations. The UK-based company has rejected the claims.

Sonatrach ended the contract on April 12, under law 86-14, it said. The law refers to activities around exploration,…

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