Tag Archives: Sonatrach

Sonatrach seeks to rank among the top five oil companies in the world.

Rosneft has been long trying to persuade the Kremlin to dismantle Gazprom’s monopoly.

Sonatrach will boost discoveries to reach 100 million tonnes of oil equivalent per year.

Algeria spent $2 billion on imports of refined products 2017.

Algeria relies heavily on energy earnings.

Italy’s gas imports have tipped away from Algeria towards Russia in recent years as Algerian production has stagnated.

Energy Secretary Alfonso Cusi said the Alegria field had the potential to support a 60-MW power plant.

Algeria remains dependent on oil and gas earnings. which provide 60 percent of the state budget.

BP and Statoil are already present in Algeria. working with Sonatrach at the Tiguentourine gas plant in the region of In Amenas.

Algeria is a major gas supplier to Europe.