Sonatrach to offer IOCs exploration rights
Algeria’s Sonatrach plans to increase domestic crude production by 5% in 2016 and offer oil and gas exploration rights to foreign investors by the end of March.
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Traders cut short positions in oil and gas
Speculative traders have sharply cut their short positions in oil and gas futures in advance of the ‘emergency’ meeting of oil producers in Doha later this month.
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