The difference between the impact of the documentary credit and the documentary remittance in the oil industry: case study SONATRACH-DCG
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Date
2022-06
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Ecole des Hautes Etudes commerciales
Abstract
The unconventional hydrocarbons are well distributed in the world and represent a
strategic resource whose exploitation could make it possible to supplement the
conventional hydrocarbon contributions and to partly ensure future the energetic of
planet.
SONATRACH is an oil company, it is a major player in the field of oil and gas.
Which places it today, the first hydrocarbon company in Africa and the
Mediterranean, and it is the main enterprise that is making a difference in the
economy of the country, so working in the international field is one of its principal
activities. All the relations with the foreign countries and all the businesses are based
on the methods of payment on the international framework.
The objective of this study is to compare the difference between the documentary
credit and the documentary remittance form the company of SONATRACH. After our
analysis we realized even with the importance of the documentary credit and its
security and advantages but the company choose to work and deal in its business with
the documentary remittance because its less expensive than the CREDOC
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Keywords
Hydrocarbons, International field, Documentary credit, Documentary remittance