Thursday 28 May 2015
 
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Sonatrach

Sonatrach appoints new chief executive

Algeria's state energy firm Sonatrach has named Amine Mazouzi as its new chief executive to replace interim chief Said Sahnoun, who had been appointed less than a year ago, according to two industry sources on Sunday. An offic

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Algerian former oil executives on trial in graft scandal

A group of top former Algerian state oil company officials including an ex-chief executive went on trial for corruption in a scandal involving foreign suppliers.   The so-called "Sonatrach 1" case is ju

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Sonatrach to spend $90bn on exploration

Algeria's state-owned Sonatrach plans to invest $90.6 billion in oil exploration over the next five years, a report quoting its CEO said. About eight per cent of the spending will be used for fuel transport, Said Sahnoun said

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Algeria to drill first offshore well; says refining output up

Algeria plans to drill its first offshore oil well by the end of 2015, having boosted annual refining output to 31 million tonnes at the end of last year, Energy Minister Youcef Yousfi said. Output was 25 million tonnes when the country

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Sonatrach, GE to manufacture tools for oil sector

Algeria -based Sonatrach and GE have signed a Memorandum of Understanding to launch a joint venture to manufacture equipment used in the oil and gas industry, a report said. The company aims to produce drilling and production equi

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Algeria plans oil and gas bidding round by Q3 2015

Algeria will open a new round of bidding for investment in its oil and gas fields by the third quarter of 2015 and may improve the terms for companies, the head of state energy company Sonatrach said.

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Algeria's Sonatrach maps out plan to boost output

Algerian state energy company Sonatrach plans to intensify exploration by drilling 125 wells a year with a target of increasing production to 225 million tonnes of oil equivalent by 2019, it said.   The North Afr

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Algeria's Sonatrach replaces CEO

Algeria's state energy company Sonatrach has replaced its chief Abdelhamid Zerguine with vice president for production Said Sahnoun, a senior Sonatrach source told Reuters on Saturday. The source, who asked not to be identifie

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Algeria to invest $80 billion in oil and gas

Algerian state energy company Sonatrach plans to increase its investment to $80 billion over the next five years as the Opec member country seeks to expand its gas resource base and boost its refining and petrochemical capacity.   &

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Algeria planning $68bn energy spend

Algerian state energy company Sonatrach is planning to invest $68 billion in the country's energy sector over the next four years, its chief executive said on Tuesday. 'We plan to invest $68 billion between now and 2016. This inclu

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