New Algerian Sonatrach Chief Pledges Higher Production, Exports

published:25/04/2019 10:14 GMT

Algerian state energy firm Sonatrach will focus on increasing production and export volumes to help develop the OPEC member country’s oil and gas-reliant economy, its newly-appointed head Rachid Hachichi said in first comments on Wednesday. Algeria, a major gas supplier to Europe, has been struggling to boost output amid growing domestic consumption and a lack of foreign investment due to unattractive contract terms. Hachichi, a former chief of production and exploration at Sonatrach, was...More