https://en.sputniknews.africa/20240214/algerias-sonatrach-to-invest-442-million-in-foreign-energy-projects-1065070861.html
Algeria's Sonatrach to Invest $442 Million in Foreign Energy Projects
Algeria's Sonatrach to Invest $442 Million in Foreign Energy Projects
Sputnik Africa
TUNIS (Sputnik) - Algeria is one of the world's top 10 largest gas producers. Sonatrach is engaged in the production, processing, transportation and sale of... 14.02.2024, Sputnik Africa
2024-02-14T08:36+0100
2024-02-14T08:36+0100
2024-02-14T08:36+0100
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Algerian state-owned oil and gas company Sonatrach will invest $442 million in energy projects in neighboring countries until 2028, Algerian Minister of Energy and Mining Mohamed Arkab said on Tuesday. The minister emphasized that the North African country is the closest strategic gas supplier to Europe. Arkab also noted that growing cooperation with African producer countries such as Nigeria through the Trans-Saharan Gas Pipeline project is strengthening Algeria's potential as a regional energy hub. Algeria has also attracted new customers in Central and Eastern Europe, the minister said. The minister noted that Algeria's position as a constructive player in intergovernmental bodies such as the Gas Exporting Countries Forum (GECF) or the Organization of the Petroleum Exporting Countries (OPEC) strengthens the country's reputation in the eyes of its international energy partners. It reinforces our status as an energy stronghold in the Mediterranean.
https://en.sputniknews.africa/20231203/us-earns-over-54-bln-on-gas-supplies-to-eu-due-to-sanctions-against-russia-1063927562.html
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algeria, libya, mali, north africa, middle east, investment, gas, gas pipeline, liquefied natural gas (lng), oil, organization of petroleum exporting countries (opec), opec+, economy
algeria, libya, mali, north africa, middle east, investment, gas, gas pipeline, liquefied natural gas (lng), oil, organization of petroleum exporting countries (opec), opec+, economy
Algeria's Sonatrach to Invest $442 Million in Foreign Energy Projects
TUNIS (Sputnik) - Algeria is one of the world's top 10 largest gas producers. Sonatrach is engaged in the production, processing, transportation and sale of hydrocarbons and is the largest oil and gas company not only in Algeria, but in the entire continent.
Algerian state-owned oil and gas company Sonatrach will invest $442 million in energy projects in neighboring countries until 2028,
Algerian Minister of Energy and Mining Mohamed Arkab said on Tuesday.
"Sonatrach seeks to strengthen its production capacity by investing in contracts with foreign partners in the field of exploration and production of fuel in neighboring countries such as Libya, Mali and Niger, where it plans to invest $442 million between 2024 and 2028," Akrab told Algerian magazine Al Jaish.
The minister emphasized that the North African country is the closest strategic gas supplier to
Europe. Arkab also noted that growing cooperation with African
producer countries such as Nigeria through the Trans-Saharan Gas Pipeline project is strengthening Algeria's potential as a regional energy hub.
Algeria has also attracted new customers in Central and Eastern Europe, the minister said. The minister noted that Algeria's position as a constructive player in intergovernmental bodies such as the Gas Exporting Countries Forum (GECF) or the Organization of the Petroleum Exporting Countries (OPEC) strengthens the country's reputation in the eyes of its international energy partners. It reinforces our status as an energy stronghold in the Mediterranean.
