Close Menu
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    SweetCrudeReportsSweetCrudeReports
    Subscribe
    • Home
    • Oil
    • Gas
    • Power
    • Solid Minerals
    • Labour
    • Financing
    • Freight
    • Community Development
    • E-Editions
    SweetCrudeReportsSweetCrudeReports
    Home » Algeria’s Sonatrach to boost oil, gas output with $68bn

    Algeria’s Sonatrach to boost oil, gas output with $68bn

    February 7, 2012
    Share
    Facebook Twitter LinkedIn WhatsApp

    07 February 2012, Sweetcrude, ALGIERS – Algeria’s state-run Sonatrach plans to boost its oil and gas production with $68 billion investments in the next four years, chief executive officer, Abdelhamid Zerguine, has said.

    “We plan to invest $68 billion between now and 2016. This includes several activities,” Zerguine was quoted by Reuters as saying.

    Algeria currently produces 1.2 million barrels per day of oil. It boasts a spare capacity of 200,000 barrels per day.

    Planned field developments are expected to add 100,000 barrels per day in new capacity by 2015. The increased output is expected to come largely from the development of the El Merk field.

    Algeria is also building two new liquefied natural gas plants with a combined capacity of just over 10 million tonnes per annum as part of its gas export expansion programme.

    Related News

    NNPC Ltd, NAF forge alliance to combat oil theft

    Despite OPEC+ decision, oil prices defy expectations

    Combination of crises drives up crude oil prices

    E-book
    Resilience Exhibition

    Latest News

    Nigeria pursues $25bn undersea gas pipeline to Europe

    June 3, 2025

    NNPC Ltd, NAF forge alliance to combat oil theft

    June 3, 2025

    Police confirm tragic electrical fire explosion in Rivers

    June 3, 2025

    Despite OPEC+ decision, oil prices defy expectations

    June 3, 2025

    Combination of crises drives up crude oil prices

    June 3, 2025
    Demo
    Facebook X (Twitter) Instagram
    • Opec Daily Basket
    • Oil
    • Power
    • Gas
    • Freight
    • Financing
    • Labour
    • Technology
    • Solid Mineral
    • Conferences/Seminars
    • Community Development
    • Nigerian Content Initiative
    • Niger-Delta Question
    • Insurance
    • Other News
    • Focus
    • Feedback
    • Hanging Out With Markson

    Subscribe for Updates

    Get the latest energy news from Sweetcrudereports.

    Please wait...
    Please enter all required fields Click to hide
    Correct invalid entries Click to hide
    © 2025 Sweetcrudereports.
    • About Us
    • Advertise with us
    • Privacy Policy

    Type above and press Enter to search. Press Esc to cancel.