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Monday, August 27, 2018
Sonatrach, Algeria’s state-run oil and gas firm, has joined the ‘Zero Routine Flaring by 2030’ initiative launched by World Bank in 2015 to reduce systematic gas flaring by 2030.
Sonatrach joins 35 other oil and gas companies, which include its fellow North African NOCs ETAP, EGPC, and ONHYM. There are also 27 governments, including California, and 15 institutions that are part of the initiative.
The World Bank said that it is happy to welcome such an important producer within the initiative given the fact that Sonatrach has been “working to identify and implement solutions to reduce gas flaring since 1976.”
In 2017, 140.6 Bcm of gas was flared around the world; 7.1 billion less than the volume flared in the prior year, the initiative indicated last month according to a report by Natural Gas World. In addition, in 2017, Algeria was the fifth largest gas flarer in the world, behind Russia, Iraq, Iran, and the US.
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