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Sonatrach’s $90 billion investment plan

16 Dec 2014
Algeria’s state-run oil and gas firm, Sonatrach, revealed a five-year $90 billion investment plan that included investment in shale potential.

The investment looks to upgrade Algeria’s oil and gas fields whilst improving transportation of products as a result of the aging oil fields and decline in production base. The plan will also expand the company’s petrochemical and refining capacity.

The shale production is estimated to begin its pilot phase in 2019.