Middle East Economic Survey
Algeria Proven Hydrocarbon Reserves Estimated At 40Bn BOE, Says Meziane
Sonatrach President and CEO Muhammad Meziane said on 19 February that Algerias proven and recoverable hydrocarbon reserves were estimated at 40bn boe, with total reserves of 100bn boe. Of the $32.2bn Sonatrach is planning to invest in the hydrocarbon sector over 2006-10 (MEES, 16 January), $3bn will be assigned to exploration activities he added. According to...