Sonatrach and TechnipFMC Announce That the Dispute Related to the Rehabilitation of the Refinery in Algiers Has Been Definitively Settled
LONDON & PARIS & HOUSTON–(BUSINESS WIRE)–Sonatrach and TechnipFMC (Paris:FTI) (NYSE:FTI) (ISIN:GB00BDSFG982)
decided to settle all disputes in relation to the terminated Contract of
the rehabilitation of the refinery in Algiers and to immediately end the
Sonatrach expressed its satisfaction to have reached a definitive
agreement that ends a litigation that was detrimental to both parties.
Thierry Pilenko, Executif Chairman of TechnipFMC, stated to be very
pleased to have reached a final and amicable settlement of this dispute.
This settlement is satisfactory to both parties involved and will allow
us to look together to the future.
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This release contains “forward-looking statements” as defined in Section
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The words “estimated”, “aimed”, “scheduled” and similar expressions are
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TechnipFMC is a global leader in subsea, onshore/offshore, and surface
projects. With our proprietary technologies and production systems,
integrated expertise, and comprehensive solutions, we are transforming
our clients’ project economics.
We are uniquely positioned to deliver greater efficiency across project
lifecycles from concept to project delivery and beyond. Through
innovative technologies and improved efficiencies, our offering unlocks
new possibilities for our clients in developing their oil and gas
Each of our more than 40,000 employees is driven by a steady commitment
to clients and a culture of purposeful innovation, challenging industry
conventions, and rethinking how the best results are achieved.
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Email: Lisa Adams