Sonatrach and Chevron Corporation are reportedly discussing possible partnerships, Reuters reported.
The Algerian company wants to develop partnerships with foreign oil companies to boost output and exports. Meanwhile, a visit by a delegation from Chevron to explore investments opportunities marked the first visit from a US company amidst the ongoing political unrest.
The Algerian government is planning to maintain current clauses in the energy law that limit foreign stakes in oil and gas projects, however, Algeria wants to attract more foreign investments to increase its oil and gas production.
Algeria is a member of the Organization of Petroleum Exporting Countries (OPEC).