Friday 11 July 2014
 
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Sonatrach

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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Sonatrach stops Libya energy operations

Algerian state-owned energy company Sonatrach has halted operations in Libya,  Kuwait's Kuna news agency reported on Sunday, citing Algeria's energy minister. Youcef Yousfi said Sonatrach's operations had stopped completel

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Algeria awards 2 energy permits in bid round

Algeria awarded only two out of 10 oil and gas permits on offer in its licensing round on Thursday, increasing pressure on the government to make terms more attractive to foreign oil companies. The bid round was the third in a row to see l

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Algeria, Egypt to launch energy JV

Algeria's state-owned energy firm Sonatrach is setting up an oil and gas joint venture with two Egyptian national companies, its chief executive officer told Reuters on Saturday. Sonatrach will hold a 50 per cent stake in the new compa

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Sonatrach plans $63bn investments

Algeria's state energy company Sonatrach plans to spend $63 billion on oil and gas developments between 2009 and 2013, its chief executive said on Thursday. Mohamed Meziane was speaking at an industry conference in the UAE capital Abu Dhab

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Sonatrach awards 4 contracts to Shoaibi Group

Shoaibi Group, a leading oil and gas technology and service provider for the Mena region, has won four major contracts from Algeria's state owned energy group, Sonatrach, Europe’s second largest gas supplier. Sonatrach is partnering wi

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Shaw to work on Algeria LPG facility

The Shaw Group today (March 26) announced its energy & chemicals group has been selected to provide engineering services for Sonatrach’s liquefied petroleum gas (LPG) recovery facility in Algeria. Sonatrach’s planned 24 million standar

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Sonatrach nets $76bn energy revenue

Algerian state-run energy group Sonatrach, Africa's biggest company by revenue, made $76 billion from oil and gas sales in 2008, the firm's chief executive said, up from $57 billion the previous year. 'We reached $76 billion,&#

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Italian group wins $148m Alrar power contract

Algerian state energy company Sonatrach said it has signed a DZ9.8 billion ($148 million) contract with a consortium of Italian companies for extention of the Alrar power plant project.  The engineering, procurement and construction (

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