Sonatrach | Egypt Oil & Gas - Part 13

Algerian Court Issues Jail Sentences in Sonatrach Case

A verdict was reached in the high-profile corruption trial of former executives at Algeria’s state energy giant, Sonatrach. Six officials were handed between five to six years of jail sentences, including a form...

Algeria’s Bir Seba Field Marks its First Oil Flow

Vietnamese oil and gas explorer, PetroVietnam Exploration Production Corporation (PVEP) celebrated the first commercial oil flow from the Algerian Bir Seba field, Vietman Net reported. The Bir Seba fields in Sahara De...

Algeria to Focus Next Year on Developing From Older Oil Fields

Algeria will focus next year on maximizing output at its mature fields, and seek out foreign partners with the technology to explore offshore opportunities as part of its strategy to increase output, a senior energy o...

Algerian Minister Calls on Sonatrach to Speed Production

Algerian Minister of Energy Salah Khebri urged Sonatrach Group to increase its output, claiming that the company was behind schedule and causing delays in wider operations in the country. Speaking during the appointme...

Algeria’s Sonatrach to Restructure to Face Oil Crisis

Algeria’s state energy firm Sonatrach has begun a restructuring aimed at saving money and coping with the dramatic slide in global oil prices, an internal document seen by Reuters shows, Al Arabia reported. The measur...

Sonatrach to Strengthen Algeria’s Position in Energy and Gas Markets

Sonatrach CEO Amine Mazouzi said in Oran the group’s medium-term development program (2015-2019) aims to strengthen the position of Algeria on the international energy and gas markets and meet the needs of the i...

EGAS to Import LNG from Sonatrach

EGAS is in negotiations with the Algeria’s Sonatrach, to import LNG shipments starting from next year, reported Al Markazy. According to unnamed sources at EGAS, the deal includes 6 shipments, each amounting to ...

Egypt Signs Deal for 33 LNG Cargoes with Trafigura

The Egyptian government is continuing its efforts to lock in foreign LNG volumes, and has signed a deal with trading house Trafigura for 33 cargoes. The agreement, unveiled in a government statement on Thursday, forms...

Gazprom to Provide Egypt 35 LNG Shipments Over Five Years

Petroleum Minister Sherif Ismail announced Tuesday an initial agreement has been made with Russia’s Gazprom to supply around 35 shipments of liquefied natural gas (LNG) over the next five years. He told Daily News Egy...

Anadarko Announces Resolution of Algeria Tax Dispute

Anadarko Petroleum Corporation announced it has reached an agreement with Sonatrach to resolve the dispute regarding Sonatrach’s implementation of Algeria’s 2006 exceptional profits tax (TPE). The parties&...

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