Nigeria, April 23 -- The Nigerian National Petroleum Company Limited (NNPC Ltd) has signed a Memorandum of Understanding (MoU) with Sonatrach, Algeria's national oil company, to strengthen cooperation in research, development and innovation across the oil and gas sector.

NNPC disclosed in a statement on Wednesday that the agreement was executed through its Research, Technology and Innovation (RTI) Division in collaboration with the Petroleum Technology Development Fund (PTDF).

The MoU was signed by NNPC's Executive Vice President, Business Services, Sophia Mbakwe, and Sonatrach's Managing Director, Khodjah Mohamed.

According to the statement, the agreement provides a formal framework for joint work in research and technology exchange b...