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How Sonelgaz Got €54.8 Million in His Litigation with a Spanish Company
Summary by observalgerie.com
1 Articles
1 Articles
The Sonelgaz Group has obtained the payment of EUR 54.8 million in a contractual dispute with its Spanish partner. This financial transaction, which is called unanticipated by the opposing party, takes place in a context of complex commercial relations around an energy project in Algeria. Through its subsidiary Sonelgaz Production d'Electricité (SPE), the Algerian company has carried out the execution of the bank guarantees linked to the contrac…
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