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FinancialNews


  • 25-06-19

    Algeria: Sonatrach's natural exports flourish

    (MENAFN) Exports of natural gas for Sonatrach, an energy giant in Algeria, stood at 97 billion cubic meters last year to mark solid performance.

    Over the upcoming five years, the Algerian energy giant is likely to witness the injection of investments valued at USD42 billion.

    CEO of Sonatrach Rachid Hachichi affirmed that "Algeria has become the world's 10th natural gas exporter, which makes Algeria an indispensable actor in the global gas market."

    Hachichi also made an urge for efforts to be accelerated in order to maintain the volume of exported gas through pipelines connecting Algeria to Europe.

    MENAFN2506201900450000ID1098681760

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