Reggane Nord Starts Production
Production has begun at Algeria’s Reggane Nord natural gas field.
Production has begun at Algeria’s Reggane Nord natural gas field.
Sonatrach signed a memorandum of understanding (MoU) with DEA Deutsche Erdoel AG to provide a framework for DEA to operate in Algeria.
Algeria’s energy revenues this year continue to outpace last year’s revenues and are up 17% through October.
Enel is negotiating new natural gas contracts with Algeria to replace current contracts set to expire soon
Sonatrach will be able to increase its exports of natural gas by 20 million cubic meters per day (mcm/d) to meet increased winter demand.
Sonatrach, Algeria’s state-owned oil and gas company, announced that it plans to invest $2 billion in the Hassi Rmel natural gas field.
Algeria expects oil and gas production to increase by 6.5% in 2018.
Sonatrach plans to bring online a $1 billion natural gas project at the Reggane natural gas field this year.
Algeria reported a 19% increase in its oil and gas exports during the first three quarters of 2017.
Algeria’s state-owned energy company, Sonatrach, is considering forming joint ventures with trading companies to market its natural gas.