Algeria Grants PETROJET $1.1Bn Contract for Hassi Bir Rkaiz Field Development

• Wednesday, 6th May 2026
• by Fatma Ahmed

The state-owned Petroleum Projects and Technical Consultations Company (PETROJET), has signed a general contractor agreement to develop Phase Two of Algeria’s Hassi Bir Rkaiz field. The contract, valued at aroun...

PETROJET Secures $1Bn Contract to Develop Algeria’s Hassi Bir Rekaiz oil Field

• Monday, 20th October 2025
• by Doaa Ashraf

The Petroleum Projects and Technical Consultations Company (PETROJET) has secured a $1.08 billion contract to develop the second phase of the Hassi Bir Rekaiz oil field in Algeria. The project is operated by Groupemen...