# Sonatrach and Baker Hughes GE form joint venture in Algeria

Sonatrach and Baker Hughes General Electric signed a contract to create a joint venture in Arzew, Algeria, to manufacture oilfield equipment. Initial investment is $45 million, eventually reaching $200 million.

- Type: Partnership
- Announced: 2017-11-09
- Where: Arzew, Oran, Algeria
- Value: $45.0M
- Status: announced
- Products: oilfield equipment (wellheads)
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Sonatrach](https://endata.com/companies/2355.md) (partner)
- [Baker Hughes General Electric](https://endata.com/companies/18672.md) (partner)

## Sources

- [lematindalgerie.com](https://lematindalgerie.com/sonatrach-cree-une-societe-avec-baker-hughes-general-electric/), 2017-11-09: "Le montant de l’investissement est de 45 millions de dollars dans la première phase du projet avant d’atteindre les 200 millions de dollars à terme."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.