PHOTO
Algeria will soon embark on a massive operation for hunt for oil and gas in various parts of the country within plans to boost its hydrocarbon resources.
State-owned Sonatrach, which manages the OPEC producer’s hydrocarbon sector, will launch the operation which covers more than 160,000 sq km in 11 sites.
In a statement carried by Elkhabar and other Algerian newspapers on Sunday, Sonatrach said the project is intended to “expand the country’s national hydrocarbon reserves and production.”
(Writing by Nadim Kawach; Editing by Bhaskar Raj)
(anoop.menon@lseg.com)
Subscribe to our Projects' PULSE newsletter that brings you trustworthy news, updates and insights on project activities, developments, and partnerships across sectors in the Middle East and Africa.