Algerian Minister of Energy, Mohamed Arkab, said that Algeria has the means and resources necessary to overcome the world oil crisis and that the recent fall in oil prices has not impacted Sonatrach’s activity.
Algerian state-owned Sonatrach has signed a Memorandum of Understanding (MoU) with America’s ExxonMobil Corporation to pave the way for talks on exploration opportunities in Algeria.
Energean Oil and Gas PLC and Edison E&P excluded Edison’s Algeria assets from the scope of the acquisition.
Tunisia and Algeria are in the process of negotiating a decade long contract for the future supply of gas between the two countries.
Algerian President Abdelmadjid Tebboune has demanded that state energy firm Sonatrach decrease their planned investment by 50% from $14 billion to $7 billion.
Sonatrach, Algeria’s national oil company, in collaboration with Italy’s Eni have completed the Bir Rebaa Nord (BRN) and Menzel Ledjmet Est (MLE) pipeline in the Berkine Basin, Algeria.
Sidi Rezine has restarted its operations and increased its annual output to reach 3.645 million tons, up from 2.7 million tons.
Sonatrach signed a deal with a consortium of Spain’s Tecnicas Reunidas and South Korea’s Samsung Engineering to build a new oil refinery in the western Ouargla Province.
Algeria’s state-owned company, SONATRACH, declared that it managed to control a natural gas leak quickly and successfully.
APICORP will loan Algeria’s Sonatrach a US$250 million worth of facilities.
