Friday 26 December 2014
 
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Sonatrach

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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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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