Tag Archives: Sonatrach

Edison owns an 11% stake in the Reggane Nord gas project and had recently renewed a supply contract running through to 2027.

India had bought about 300.000 barrels per day (bpd) of Iranian oil under the six-month U.S. sanctions waiver.

Sonatrach has transported its equipment on the Libyan territory to Algeria through the crossing border of Ghadames.

Sonatrach and Total will develop the reserves of Erg Issouane. located on the TFT Sud permit in Algeria.

Algeria has signed a nine-year deal to supply Spain with nine billion cubic meters (bcm) of gas per year.

The oil giant is an important source of energy for European states trying to reduce their dependence on Russia.

One of the aims of Sonatrach’s new venture would be to supply crude to the Italian refinery.

Eni has had a presence in Algeria since 1981 and currently operates 32 mining permits in the country.

OPEC and non-OPEC countries decided in late 2016 to cut output by 1.8 million barrels per day to boost oil prices.

Moscow and Riyadh recently announced their desire to pump more oil after a relative hike in prices.