Sponsorship Agreement between the Embassy of Spain in Algeria and Cepsa for National Day
07 Oct 2026Effective: 07 Oct 20262 views
Who is affected:
Embassy of Spain in Algeria and Cepsa Algerie Succursale
Summary
The Embassy of Spain in Algiers and Cepsa sign an agreement whereby the company sponsors in-kind the celebration of October 12 in Algeria. The agreement entails no cost for the Embassy and Cepsa obtains visibility and tax benefits from patronage.
Detailed analysis
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The Embassy of Spain in Algiers and Cepsa Algerie Succursale formalize a patronage agreement under Ley 49/2002 for the celebration of National Day on October 12, 2026 in Algiers. Cepsa contributes in-kind goods or services valued at 303,990 Algerian dinars, at no cost to the Embassy. In return, the company receives ins…
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