Algeria’s national hydrocarbon company “Sonatrach” plans to increase threefold the exploration budget to boost national energy potential, the group’s CEO Abdelhamid Zerguine said. “We are planning to extend Algeria’s potential reserves in both conventional and non-conventional resources,” Zerguini told a national radio station. “Exploration efforts must be the cornerstone of our development plan, that’s why we want to increase threefold the budget on the middle term,” he added. Zerguine, in an address to mark the 42nd anniversary of hydrocarbon nationalization, stressed the exploration efforts made over the past few years, making of Algeria a leading country in in terms of discoveries. The discoveries, however, “remain modest” as it contribute to only “30% of our annual consumption,” he noted.
GMT 12:09 2018 Monday ,26 November
Black Friday less wild as more Americans turn to online dealsGMT 15:07 2018 Sunday ,18 November
Refugee host countries discuss UNRWA's financial crisisGMT 17:22 2018 Wednesday ,31 October
Russia climbed to 31st place in Doing Business-2019 ratingGMT 16:53 2018 Wednesday ,17 October
"Putin" We need for collective restoration of Syria's economyGMT 14:02 2018 Friday ,12 October
Govt to announce incentives package for Overseas PakistanisGMT 18:26 2018 Saturday ,06 October
Dubai attracts Dh17.7 billion in foreign direct investmentGMT 09:02 2018 Friday ,21 September
Economy of Georgia demonstrates "strong signs of recovery"GMT 09:03 2018 Wednesday ,24 January
German investor confidence surges in JanuaryMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor