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Tag: SONATRACH
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 ... Read More
Algeria : Sonatrach to pump $100billion to boost production
Sonatrach, a state owned energy group, has renewed its efforts towards increasing its production levels in oil and gas with the approval of a $100billion ... Read More
Is Algeria Heading towards Economic & Political Crisis ?
As Algeria braces for another controversial presidential elections scheduled for next month with incumbent President Abdelaziz Bouteflika running for a fourth term, the country’s economic ... Read More
Algeria prefers Asia to Europe
Algeria could be on the verge of reviewing its gas export policy to Europe due to the rising domestic demand. Sonatrach, a state owned company, ... Read More
Algeria: oil and gas investments under uncertainty
Following the hostage situation in Algeria, analysts fear that oil and gas future investments are dominated by uncertainty due to fears that investors will be ... Read More
Algeria Hostage Crisis: Over 40 Foreign Workers Captured by Al-Qaeda
As many as 41 people - including American, British, French, Japanese, Norwegian, Irish and Austrian nationals - are being held hostage by armed Islamist militants ... Read More
AQIM Avenges Foreign Intervention in Mali with Abductions in Algeria
At least eight foreigners, including Britons, Norwegian and Japanese nationals were seized Wednesday in Algeria by Islamist militants in an attack on an oil facility ... Read More
Algeria: Sonatrach and Fenosa finalise deal
Companies from the two sides of the Mediterranean have agreed to pen a deal valid for almost two decades. Spain's Gas Natural Fenosa was a ... Read More
Algeria-Europe gas pipeline postponed again
The desire to channel natural gas to European countries from Algeria has suffered another setback because the date of the rendezvous between parties to make ... Read More
Algeria’s gas shipment arrives in Egypt
Reports from Algeria claim that Egypt has received in the last few days a 53,000 tons shipment of gas from Algeria in a move to ... Read More