Sonatrach Launches Third Phase of $2.3BN Gas Expansion Project
Sonatrach is the largest gas producing NOC in Africa.
Read the latest Archives of oil, gas and energy news.
Sonatrach is the largest gas producing NOC in Africa.
The partnership builds on a Memorandum of Understanding signed in April 2024 between Sonatrach and OQ Exploration & Production.
The MoU is poised to expand collaboration through new opportunities in oil and gas exploration and production.
The companies will conduct a joint feasibility study for the development of an integrated green hydrogen project in Algeria.
Sonatrach and SONIDEP will explore opportunities for collaboration in hydrocarbon exploration, production, refining, petrochemicals and petroleum product distribution.
Sonatrach’s CEO met with a Chevron delegation to discuss ways to strengthen partnerships and collaboration within the oil and gas sector.
Scheduled for completion within 32 months, the project aims to revitalize the Alrar gas field and sustain its output at 10 million cubic meters per day.
The joint venture will specialize in the local manufacture of equipment for the oil industry in Algeria.
The pilot project is part of Algeria’s strategy to plant over 420 million trees across the country.
The MoU will establish a joint venture between the two companies focused on developing equipment for the oil and gas industry.