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Tag: SONATRACH
Algeria’s Lebanon-based Sonatrach subsidiary mired in corruption, adulterated fuel
A court in Lebanon has ordered the arrest of 17 people, including the Chief of Sonatrach Petroleum (SPC), a subsidiary of Algeria’s state-run oil company, ... Read More
State-run Sonatrach inks exploration & partnership MoU with Exxon
Gas and oil giant Sonatrach has signed a Memorandum of Understanding (MoU) with US Exxon to identify exploration opportunity in the North African country and ... Read More
Algeria: State-run Sonatrach CEO Sacked
Kamel Eddine Chikhi, Chief of state-owned energy firm Sonatrach, was sacked Wednesday only three months into the job. A presidential decree, relayed by state-run ... Read More
Algeria-Iran: release of Sonatrach oil tanker seized in Strait of Hormuz
Algeria’s gas and oil company, Sonatrach, announced Sunday that Iranian authorities had freed its oil tanker one hour 15 minutes after it was forced Friday ... Read More
Algeria’s Sonatrach expands for 10 years gas exports to Italy’s ENEL
Algeria’s gas giant Sonatrach will continue supplying Italian natural gas distributor, ENEL Group, for additional 10 years under an agreement between the two sides signed ... Read More
ExxonMobile halts with Sonatrach due to protests
The limbo in Algerian politics is throwing its weight on the oil and gas industry in the country, which represents 95% of the North African ... Read More
Algeria’s Sonatrach to begin first ever offshore drilling
Algeria’s state-owned oil and gas company will launch offshore drilling with France’s Total and Italy’s ENI on the eastern coast between Bejaia and Skikda for ... Read More
Algeria’s Sonatrach signs $1 billion gas plant deal
India-based conglomerate Larsen & Toubro has signed an agreement with Algerian state-owned Sonatrach to develop three new gas treatment and compression plants on pre-existing gas ... Read More
Unemployment Haunts Young Algerians
One in four Algerians remain unemployed in an economy undermined by over dependence on oil and gas revenues and bleak political prospects. Official data speak ... Read More
Algeria’s Sonatrach Struggles to Contain Brain Drain
State-owned oil and gas company Sonatrach, the backbone of Algeria’s economy, is reeling under an acute brain drain as its recent discoveries fail to offset ... Read More