APICORP supports development of Algeria’s energy sector
The aim is to play an active role in the development of our member countries’ broader energy sector and contribute to diversification and geographic expansion. (Image source: skeeze/Pixabay)
The Arab Petroleum Investments Corporation (APICORP) has agreed to two loan facilities worth a combined US$250mn with Sonatrach Petroleum Investment Corporation (SPIC), a subsidiary of Sonatrach International Holding Corporation owned by Sonatrach, the Algerian state-owned national oil company