Sonatrach plans to invest EUR 45 billion in oil and gas projects
Wednesday, 15 Jul 2009
The state energy company Sonatrach has announced plans to invest EUR 45 billion in new oil and gas projects in the coming 5 years with several billion euros' worth of new projects announced in the past few weeks alone. Most of these projects are focused on export, transport and treatment.
These include a EUR 1 billion gas pipeline project to boost the capacity of the Hassi R'Mel field to 9 billion cubic meters a year, eventually supplying a new liquefied natural gas terminal and the planned Galsi pipeline to Italy. The contract was awarded to a consortium including Saipem and Petrojet.
A further EUR 1.1 billion project was awarded to JGC Corporation and a consortium led by ABB/Sarpi to develop the Gassi Touil field, while a EUR 770 million contract for a new gas treatment facility at the Hamra gas field was also awarded to Canadian contractors SNC Lavalin.
