Commodities and Futures News

Sonatrach, partners to invest $4 billion to produce 1 billion oil equivalent in Berkine

07/19/2022

Less than a minute

2022.07.19 12:34

Sonatrach, partners to invest $4 billion to produce 1 billion oil equivalent in Berkine
FILE PHOTO: The logo of the state energy company Sonatrach is pictured at the headquarters in Algiers, Algeria November 25, 2019. REUTERS/Ramzi Boudina

ALGEIRS (Reuters) – Algeria’s Sonatrach and its partners Occidental (NYSE:OXY), TotalEnergies and ENI (BIT:ENI) will invest $4 billion dollars in the perimeter of Berkine to produce 1 billion of oil equivalent barrels, Sonatrach’s CEO Tewfik Hakkar told reporters.

07/19/2022

Less than a minute

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