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sonatrach

Petrol: US major ExxonMobil wants to set up in Algeria

in AFRICA/ENERGY by

The US major, ExxonMobil, the world’s largest petrol company, plans to set up in Algeria and develop joint projects with Sonatrach, the Algerian oil and gas group CEO, Abdelmoumen Ould Kaddour, has announced. APS at the end of his three-day visit to Houston, the head of Sonatrach said ExxonMobil was “extremely interested” by the investment in Algeria. Ould Kaddour, who had just taken part in the second Algerian-American forum on energy, described his many meetings with executives of American oil companies, including ExxonMobil and Anadarko, as “positive”.

Hydrocarbons: Sonatrach and Cepsa sign $ 1.2 billion contract

in AFRICA/ENERGY by

The Sonatrach group and the Spanish company Cepsa signed Thursday a new agreement for the exploitation of the oil field of Rhoude el Krouf (RKF) in the Berkine basin (Ouargla). This new association plans to carry out an additional development program estimated at $ 1.2 billion. The program includes the duplication of the number of existing development wells, the construction of a new production facility, including a LPG extraction unit and the increase of gas treatment and water injection capacity, as well as the creation of a new production.

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