Algeria to Invest $ 60 Billion in Energy and Mines

Algeria – Group Sonatrach will invest DZD4, 200 billion, i.e. $ 60 billion over the period of 2011/2015 “in view to reinforcing the national capacities of hydrocarbon production,” Energy and Mines Minister Youcef Yousfi announced Monday in Algiers.

This program, which 57% of the funding allocated will be spent on exploration and production activities, provides a “boom” for the exploration activity to increase the country’s reserves and optimize…read more

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