Tag: SONATRACH
TotalEnergies abandons Algeria project for bureaucracy problems
French giant Total Energies has ditched a petrochemical project in Arzew in Oran in Western Algeria, a withdrawal that analysts blamed on Algeria’s bureaucracy. The ... Read More
Fearing Russian retribution, Algeria backpedals on gas supply promise to Europe
CEO of Algeria’s oil and gas company Sonatrach Toufiq Hakkar said on Feb 27 his country was ready to tap the potential of a 10 ... Read More
Sonatrach financial hurdles, Algeria’s economic agony
Economists have long warned the Algerian regime of an impending Venezuelan scenario as the country put off reforms leaving the economy dependent since independence on ... Read More
Algeria loses about $100m over poor quality of Sonatrach’s petroleum products
Algeria’s energy giant Sonatrach has suffered a new setback after Turkey rebuffed two shiploads of liquefied natural gas (LNA) worth around $100 million after the ... Read More
Algeria’s Sonatrach to lose fuel contract monopoly in Lebanon
Lebanon has decided to diversify its oil suppliers from 2021 after main supplier, Algeria’s Sonatrach, was accused of providing the Middle East country with adulterated ... Read More
Total extends purchase of Algeria’s LNG
France’s energy giant Total has renewed for three years the purchase of liquefied natural gas (LNG) from Algeria’s energy company Sonatrach, Trade Arabia reports. Sonatrach ... Read More
Algeria’s revenue lifeline Sonatrach in a free fall
Algeria’s main source of revenue, oil and gas company Sonatrach, has seen troubles piling up as it struggles to juggle with historically low oil prices. ... Read More
News Stream May 06,2020
News Stream May 06,2020 Read More
News Stream May 05,2020
News Stream May 05,2020 Read More
Algeria’s Sonatrach, Russian Lukoil ink cooperation MoU
Algeria’s state-run oil company Sonatrach and Russia’s Lukoil on Monday signed a Memorandum of Understanding (MoU) covering many cooperation areas including joint investment and production ... Read More