Sonatrach to Invest Billions in Production Boost Bid

Monday, March 27, 2017

Algeria’s state-run firm Sonatrach reiterated its plans to invest billions in exploration to boost production. Sonatrach says it wants to increase output by 14% in the coming years.

The firm expects to spend $9 billion from 2017 to 2021 exploring for new deposits of oil and natural gas, drilling an average of 100 wells per year during that time and invest more than $50 billion across all its operations.

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