Sonatrach signed on February 25 with Sinopec International Energy Investment (HK) Holding Ltd, a hydrocarbon production sharing contract for the Hassi Berkane Nord (HBAN) field.

The contract, worth $850 million, involves Sonatrach and Sinopec to carry out a minimum research and assessment work program to enhance and develop the hydrocarbons in the Hassi Berkane Nord field located 80km Southwest from Hassi Messaoud.

The contract follows the Memorandum of Understanding (MoU) signed between the two companies on March 3, 2024 to strengthen hydrocarbon cooperation.