ROME, ITALY (Eni, 23.Jul.2025, Words: 232) — Eni and Sonatrach signed a memorandum of understanding aimed at strengthening cooperation in the field of hydrocarbons, energy transition and renewable energies, with a focus on energy security and the economic development of the 2 countries. The signing took place during the Italy-Algeria […]
Tag: Sonatrach
Eni and Sonatrach Inaugurate Solar Lab, Lay First Stone of PV Facility in BRN, Algeria
(Eni, 17.Nov.2022) — The CEO of Eni Claudio Descalzi and the CEO of Sonatrach Toufik Hakkar have inaugurated the Solar Lab and laid the first stone of a 10MW photovoltaic plant in the Bir Rebaa North (BRN) production complex, in the Berkine basin, south-eastern Algeria, today. The event took place […]
Eni Reports Find in the Berkine North Onshore Basin, Algeria
(Eni, 25.Jul.2022) — Eni and SONATRACH announced a further discovery in Sif Fatima II concession, located in the Berkine North Basin in the Algerian desert. The Rhourde Oulad Djemaa Ouest-1 (RODW-1) exploration well, in the Sif Fatima II research perimeter, is the third well in the exploration drilling campaign. It […]
Eni and Sonatrach to Accelerate Decarbonization Via Green Hydrogen
(Eni, 26.May.2022) — The Chairman of SONATRACH, Toufik Hakkar, and Eni CEO, Claudio Descalzi, signed today a Memorandum of Understanding (MoU) in Rome aimed at accelerating the development of gas fields in Algeria and decarbonisation via green hydrogen. The signing ceremony was witnessed by the President of the People’s Democratic […]
Equinor And Sonatrach Ink MOU
(Equinor, 17.May.2021) — On 17 May 2021 Equinor and Sonatrach signed a memorandum of understanding (MoU) to examine cooperation within oil and gas exploration and production in Algeria and internationally. The signing of the MoU strengthens the existing partnership between Equinor and Sonatrach. The MoU also includes cooperation within greenhouse […]
Air Products To Supply Four Cryogenic Heat Exchangers
(Air Products, 9.Sep.2020) — Air Products, the world’s leader in liquefied natural gas (LNG) technology and equipment, will provide four of its MCR® Main Cryogenic Heat Exchangers (MCHEs) for Sonatrach’s GL1Z LNG facility in Arzew, Algeria. The four heat exchangers will each have 1.3 million tonnes per year production capacity […]
Algeria Expects Energy Revenue To Fall $10bn
(Reuters, 21.Jul.2020) — Algeria expects its oil and gas revenue to fall to $23 billion this year from $33 billion in 2019, energy minister Abdelmadjid Attar told state radio on Tuesday. OPEC member Algeria’s revenues from oil and gas sales were at $60 billion in 2014, before a sharp drop […]
Total And Sonatrach Extend Their LNG Partnership
(Total, 25.Jun.2020) — Total and Sonatrach have signed an agreement to renew their partnership in the field of liquefied natural gas (LNG). This agreement notably allows to extend the existing supply contracts for 3 additional years in order to provide 2 million tons per year of Algerian LNG to the […]
Naturgy And Sonatrach Ink Deal With Mubadala
(Naturgy, 15.Oct.2019) — Naturgy and Sonatrach entered into an agreement with Mubadala for the acquisition of the 42.09% stake that it holds in Medgaz. Following the completion of the transaction, Medgaz will be entirely owned by Sonatrach (with a 51.0% stake) and Naturgy (with the remaining 49.0%), with a shareholder […]
Venezuela Imports Crude For The First Time In Five Years
(Bloomberg, Lucia Kassai, 24.Apr.2019) — Oil production in Venezuela has dipped so low that the owner of the world’s largest reserves is importing crude for the first time in five years. The nation’s output fell below 1 million barrels a day to a 16-year low in March, amid rolling blackouts […]