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SONATRACHSociete Nationale de Transport et de Traitement des Hydrocarbures (Algeria)
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Companies providing services in the hydrocarbon sector in Algeria have received a letter from Sonatrach urging them to cut costs by 10 to 15 per cent, an industry source said.
In 2004, Sonatrach began negotiations with a new US-controlled Iraqi government for the purpose of reviving those project as well as bidding for development of oilfields already discovered.
In December 2006, Sonatrach began delivering LNG to Bota?
L'Entreprise Nationale de Commercialisation et de Distribution des Produits Petroliers (Naftec), a unit of Sonatrach, is also to expand the inland Hassi Messaoud refinery.
Le PDG de Sonatrach, qui a reconnu, hier, la necessite de communiquer davantage sur la question du gaz de schiste, a declare que des representants de la societe civile d'In Salah ont longuement ete recus sur le site meme du forage par les cadres de Sonatrach avec qui ils ont echange des points de vue et qui [beaucoup moins que] leur ont donne d'amples eclaircissements [beaucoup plus grand que].
Sonatrach stated that the company will produce drilling and production equipment, and provide training and services in the oil sector.
Gazprom and Sonatrach had made two discoveries in the same perimeter following the drilling of RSH-2 and ZERN-1 exploration wells.
Sonatrach Director General Abdulhameed Zarqeen Tuesday expressed "great satisfaction" at these results specially when considering the turbulant oil markets.
Sonatrach, BP, and Statoil jointly operate the In Salah field.
Sonatrach earned $57 billion in 2007 from producing and selling oil and gas, while the state earned a further $2 billion from a windfall tax on the earnings of foreign energy firms operating in Algeria.
Sonatrach would be restructured into two entities, one to manage property rights (ALNAFT) and the other to act as a regulatory body (Sonatrach Spa).