Middle East Economic Survey

VOL. LII

No 11

16-Mar-2009

ALGERIA

Sonatrach Awards $3Bn El-Merk Contracts As Algerias New Oil Projects Unfold

Algeria has taken two important steps towards boosting its oil production capacity, with Sonatrach announcing on 11 March that the EPC contracts for the long-delayed 150,000 b/d El-Merk project had been awarded, and that the development plan for three oil and condensate fields in the Illizi Basin has been authorized. But the group of IOCs hoping to start...