Downstream: Algeria has four oil refineries, with combined capacity of 503,000 bbl/d. The 29,000-bbl/d Hassi Messaoud plant supplies products to souther
Sonatrach Pens More Memos with IOCs
Feb 1, 2021 1:30:pm
Summary Interest in Algeria s upstream was perked when the government passed a new hydrocarbon law in late 2019, but has waned greatly as a result of the pandemic.
by: Joe Murphy
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Sonatrach Pens More Memos with IOCs
Algeria s national oil company Sonatrach has signed memoranda of understanding with Italy s Eni, France s Total and US player Occidental Petroleum to negotiate a contract to further develop the Berkine basin, it said on January 31.
The three international oil companies already work together at blocks 208 and 404 in the Berkine area. These blocks contain 17 fields that form the Hassi Berkine, Ourhoud and El Merk clusters.