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Petroplus Unpaid bills chased by Sonatrach

The bankruptcy of Petroplus continues to trouble some of the Swiss refiner’s former suppliers. Petroplus owes Algeria’s Sonatrach over $250m for several cargoes of crude it delivered to the refiner, which filed for insolvency protection in January. Speaking in Algiers on 4 November, vice president for marketing Yamina Hamdi said “we are using all means possible to recoup these debts”.

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African Energy Gulf States Newsletter