Middle East Economic Survey

VOL. XLVIII

No 21

23-May-2005

Algeria

Sonelgaz Targets Investments At $8.38Bn Over Next Five Years

In an interview withPetrole et Gaz Arabe, the CEO of Algerias state-owned Sonelgaz, Noureddine Boutarfa, said the company intended to invest AD611bn ($8.38bn) during 2005-10, of which some 78% would be allocated to expanding electricity generation and distribution, and the remaining 22% invested in natural gas distribution. During 2005, investments are expected to reach...