The Algerian Prime Minister Ayman Benabderrahmane stated that his country intends to increase its oil and gas sector’s investments by $2.6 billion up from $7.4 billion to $10 billion during 2022.

Eni and Sonatrach are working together to produce hydrogen using renewable-generated electricity.

Sontarach company announced the signature of a Memorandum of Understanding (MoU) with its Norwegian partner Equinor company to find cooperation opportunities in the fields of exploration and production (E&P) of hydrocarbons in Algeria in addition to environment protection, new technologies and operational performance.

Sonatrach company announced that it has recorded increase in its refinery operations by 7.4% during 2020, reaching 27.2 million tons compared to 29.1 million tons in 2019.

Algeria’s natural gas exports to Spain recorded 9.6 billion cubic feet (bcf) during 2020, representing 29% from the market stake to become the first supplier of natural gas for Spain,

Sontrach company stated that it has signed cooperation protocol with companies of Eni, Occidental and Total for partnership in blocks 404 and 208 at Berkine Concession.

SONATRACH Company reaffirmed its support for the reforestation and forest protection program.

The Minister of Petroleum and Mineral Resources, Tarek El Molla, has participated in the Organization of Arab Petroleum Exporting Company (OAPEC) virtual meeting via video conference launched from Kuwait.

The Organization of the Petroleum Exporting Countries and its allies (OPEC+) are looking into the possibility of further cuts early next year in an effort to try and revitalize the oil market.

Algeria’s state-run oil and gas company, Sonatrach, has signed gas contracts with the Spanish gas company, Naturgy.