Algeria
New Sonatrach CEO says foreign partnerships ‘essential’ to company growth
Rachid Hachichi replaced Abdelmoumen Ould Kaddour as CEO of Algerian national oil company Sonatrach on 23 April 2019
Sonatrach CEO replaced amidst Algerian government upheaval
It is unclear if this will affect current and planned agreements with major oil companies
Petrofac wins $1bn EPC project in Algeria
The leading energy contractor signed a 42-month contract for commissioning, startup and performance testing
Gas Natural Fenosa extends contract with Sonatrach for purchasing Algerian gas until 2030
In addition to contributing to the security of supply to the Spanish market, the agreement reinforces an optimal distribution of the supply mix for the country between natural gas supplied via pipelines, representing 30% of domestic consumption, and LNG.
Algeria puts a call out for foreign investment
Auction to be held for foreign investors in oil and gas fields
Foreign oil workers return to In Ameans
Sonatrach employees return to Algerian gas facility
Petrofac wins $970m Algeria contract
Petrofac has recently slashed its profit forecast by 11%
Egypt looks to Algeria for LNG imports
Imported gas will be used to run the country’s power plants.