Vitol to Refine Algerian Oil
Vitol would receive around 2 million barrels per month of Algeria’s light crude oil and would send it back as gasoline and gasoil until the end of 2018.
Vitol would receive around 2 million barrels per month of Algeria’s light crude oil and would send it back as gasoline and gasoil until the end of 2018.
Algerian state-owned energy firm Sonatrach is considering possible investments in oil exploration and natural gas projects in Iraq, Iraqi Oil Ministry announced on January 7th.
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.
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.
Sonatrach plans to bring online a $1 billion natural gas project at the Reggane natural gas field this year.
Algeria’s state-owned energy company, Sonatrach, is considering forming joint ventures with trading companies to market its natural gas.
Algeria is looking to increase its natural gas exports to Spain via the Medgaz pipeline to 7 billion cubic meters (bcm) this year.
Sonatrach plans to increase gas production from the Algerian Rhoude El Baguel oilfield by 6 million cubic meters a day (mcm/d).