Sonatrach Signs MoU with Lukoil
Algerian State run Sonatrach has signed a memorandum of understanding (MOU) with Russia’s Lukoil for possible future production and exploration in Algeria.
Algeria | Egypt Oil & Gas - Part 5
Algeria’s Proven Oil Reserves at 10 Billion Barrels
Algeria’s Energy Minister, Mohamed Arkab, has announced that Algeria’s proven oil reserves currently stand at 10 billion barrels.
Algeria Unaffected by Fall in Oil Prices
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.
Algeria’s Sonatrach signs MoU with ExxonMobil
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 Excludes Algeria’s Assets From Edison Acquisition
Energean Oil and Gas PLC and Edison E&P excluded Edison’s Algeria assets from the scope of the acquisition.
Tunisia, Algeria Negotiate 10-Year Gas Supply Contract
Tunisia and Algeria are in the process of negotiating a decade long contract for the future supply of gas between the two countries.
Sonatrach to Decrease Planned Investment by 50%
Algerian President Abdelmadjid Tebboune has demanded that state energy firm Sonatrach decrease their planned investment by 50% from $14 billion to $7 billion.
Sonatrach, ENI Complete the BRN-MLE Pipeline
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.
Algeria’s Sidi Rezine Output Reaches 3.645 MM Tons
Sidi Rezine has restarted its operations and increased its annual output to reach 3.645 million tons, up from 2.7 million tons.
Sonatrach Signs a 3.7 B Deal
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.
