Sonatrach

Africa Oil & Gas: Algeria’s Sonatrach signs $1 billion gas plant deal

Posted on February 13, 2019February 13, 2019 by Mozambique Resources Post

Algeria’s Sonatrach has signed a $1 billion contract with India’s Larsen & Toubro to build plants to produce 11 million cubic metres of gas per day, Sonatrach’s CEO said on Monday.

Africa Oil & Gas: Algeria cut oil output by 25,000 bpd as part of OPEC+ deal

Posted on January 17, 2019January 17, 2019 by Mozambique Resources Post

Algeria has cut its oil production by around 24,000-25,000 barrels per day since Jan. 1 as part of the OPEC and non-OPEC agreement to reduce output, state-controlled news agency APS quoted an oil official as saying.

Africa Oil & Gas: Algeria eyes Exxon deal, trading JV in first half

Posted on January 17, 2019January 17, 2019 by Mozambique Resources Post

Algeria will conclude its deal with Exxon Mobil Corp and set up a trade joint venture with an international company before the first half of 2019, Sonatrach’s CEO said on Monday.

Africa Oil & Gas: Sonatrach, Total expand natural gas cooperation in Algeria

Posted on October 9, 2018 by Mozambique Resources Post

Algeria’s Sonatrach and France’s Total have signed two agreements continuing its partnership agreed last year.

Africa Oil & Gas: Algeria’s State oil firm gets new management, targets brain drain

Posted on August 14, 2018 by Mozambique Resources Post

The head of Algerian State oil firm Sonatrach has assembled a new leadership team, a senior company source said, aiming to reverse a flow of talent from an unwieldy state enterprise that keeps the country afloat.

Africa Oil & Gas: Algeria To Set Up Trading Venture

Posted on July 26, 2018July 26, 2018 by Mozambique Resources Post

Sonatrach is in talks with oil majors and trading firms to start a trading joint venture after the Algerian state energy company reached a deal this year to buy its first overseas refinery, its chief executive told Reuters.

Africa Oil & Gas: Eni and Sonatrach plan Berkine gas hub in Algeria

Posted on July 19, 2018July 19, 2018 by Mozambique Resources Post

Italian energy giant Eni and Algerian state-owned Sonatrach are aiming to create a natural gas hub in the Berkine basin area.

Africa Oil & Gas: Sonatrach dampens Algerian reform hopes

Posted on June 6, 2018June 6, 2018 by Mozambique Resources Post

The process of revising Algeria’s hydrocarbons law is “very complex, given the large number of those involved,” said state producer Sonatrach’s CEO Abdelmoumen Ould Kaddour June 4.

Africa Oil & Gas: Algeria’s Sonatrach to invest $250 million to boost output at Tinhert gas field

Posted on March 13, 2018 by Mozambique Resources Post

Algerian state energy firm Sonatrach will invest $250 million to boost output at the Tinhert gas field to 20 million cubic metres (mcm) per day by 2020 up from 5 million cubic metres, its CEO said on Monday.

Africa Oil & Gas: Algeria’s Sonatrach signs $500 mln deal with BP, Statoil

Posted on December 20, 2017 by Mozambique Resources Post

ALGIERS, Dec 20 (Reuters) – Algerian state-owned energy company Sonatrach has signed an agreement with BP and Statoil to produce an additional 11 billion cubic metres (bcm) of natural gas from its Tiguentourine gas field, Sonatrach’s CEO said on Wednesday.

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