Oil and Gas Flows Rise in Algeria

Tuesday, June 28, 2016

Sonatrach revealed that the country’s oil and gas output is back on the rise, aided increased production at existing fields. The state-run firm’s report showed that crude output will reach 69 million tons of oil equivalent in 2016, compared to 67 million tons in 2015. On the gas production end Sonatrach expects it to rise to 132.2 Bcm from 128.3 Bcm in 2015.

“The era of stagnation is behind us and we are now in a phase of growth,” Sonatrach chief Amine Mazouzi told reporters.

Sonatrach has been investing in stabilizing and increasing its production from its large, mature fields. The company also expects to bring five gas fields online over the next few years.

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