Middle East Economic Survey

VOL. LI

No 27

7-July-2008

ALGERIA

Algeria To Spend $5.5Bn Expanding Its Oil And Gas Pipeline Network

By Simon Martelli

Algeria is embarking on a $5.5bn upgrading and extension of its oil and gas pipeline network, as part of a huge expansion of its energy sector, under which national oil company Sonatrach is planning to invest $45bn along the entire length of the supply chain by 2012. Some $30bn is earmarked for upstream activities, while Sonatrach has allocated $9bn to...