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HSBC signs deal with Algeria BEA.

Publication: African Business
Publication Date: 01-JAN-08
Format: Online
Delivery: Immediate Online Access
Full Article Title: HSBC signs deal with Algeria BEA.(AFRICAN BANKER'S WORLD)(Hongkong and Shanghai Banking Corporation Ltd.)(Brief article)

Article Excerpt
The External Bank of Algeria (BEA) and HSBC signed a cooperation agreement in Algiers providing funding for large Sonatrach and Sonelgaz projects. Sonatrach, Africa's biggest firm by revenue, generates about $1bn a week. The company plans to spend a total of over $2obn on pipelines, gas and petrochemical plants...

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