Algeria’s state-owned Sonatrach has started a $2 billion investment programme for the Hassi R’mel gas field with the aim of maintaining production levels, Reuters has reported.
Hassi R’mel produces 60% of Algeria’s gas, and the field needs new compression facilities to maintain its output of 190-210 million cubic metres per day.
“The objective is to maintain [this level of ] output for the next 10 years,” Sonatrach Chief Executive Abdelmoumen Ould Kaddour told reporters.
“This is a strategic project for us; we need to make sure it...
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