Tag: Said Sahnoun
Algeria Features Headlines

Algeria to Invest $ 70 Billion Shale Gas

North Africa PostComments Off on Algeria to Invest $ 70 Billion Shale Gas

Algerian state-owned company “Sonatrach” is planning to invest at least $70 billion over the next 20 years for the exploitation of shale gas in the Saharan region. The plan was disclosed by the company’s managing director Said Sahnoun who hopes his country would be able to produce 20 billion cubic meters per year from 200 […]
Algeria Business Energy Features Headlines

Algeria: Sonatrach reveals $90 billion investment, Shale gas production set for 2022

North Africa PostComments Off on Algeria: Sonatrach reveals $90 billion investment, Shale gas production set for 2022

Chief Executive Officer of state-owned Sonatrach, Said Sahnoun, asserted that their five-year investment plan will go ahead despite plummeting oil prices. Addressing the ninth North Africa Oil & Gas Summit held in Algiers, he also said that the exploitation of shale oil for production is scheduled for 2022. Analysts believe that the global slumping of […]