Algeria’s Sonatrach to Boost Output 20% With New Projects

26 Dec 2016   Algeria

Algeria’s state energy producer Sonatrach Group plans to increase output of natural gas and crude oil by 20 percent in the next four years as new projects start up, Salah Mekmouche, the company’s vice president of exploration and production, said. Sonatrach will bring on stream Tiguentourine, In Salah and Timimoune natural gas projects as well as oil wells of the Berkine basin, after spending $9 billion a year on exploration and development projects since 2015, Mekmouche said in an interview at the company’s Rhourde Nouss gas field southeast of Algiers. Sonatrach also plans to increase production from old oil wells in Hassi Messaoud, he said. Sonatrach plans to “invest as little as possible and produce as much as possible,” Mekmouche said. Algeria is Africa’s biggest natural-gas producer and a member of the Organization of Petroleum Exporting Countries. Its crude production increased to 1.16 million barrels a day in November, […]

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