2023-06-17 15:47:14
ALGIERS – The CEO of the Sonatrach group, Toufik Hakkar, announced that in 2028 two hydrocarbon deposits will be exploited southeast of Hassi Messaoud (Ouargla), in partnership with the Russian company Gazprom, making state of an investment of approximately one billion dollars.
During an interview granted to the Russian channel “RT”, broadcast Friday evening, within the framework of the State visit carried out by the President of the Republic, Mr. Abdelmadjid Tebboune, in the Russian Federation, at the invitation of his Russian counterpart, Mr. Vladimir Poutine, Mr. Hakkar indicated that the Sonatrach group was working with Gazprom to develop the two deposits discovered in the perimeter of Oum El Assel (approximately 140km south-east of Hassi Messaoud) through the establishment of calls for tenders for the drilling and construction of natural gas processing plants, specifying that “the first production is planned for 2028”.
“Sonatrach and Gazprom have put in place a development plan, which they finalized in July 2022, and submitted the same month to the National Agency for the Development of Hydrocarbon Resources (ALNAFT) for adoption,” said Mr. .Hakkar.
It is, he added, “to invest 950 million dollars in two stages to produce approximately 2 million cubic meters of natural gas per day (m3/d), more than 1,000 tons/day of condensates and more than 220 tonnes of liquefied petroleum gas (LPG)”.
Mr. Hakkar estimated that this production “is likely to strengthen the partnership between the two parties, as well as the national production of hydrocarbons, given the strong demand for natural gas currently recorded on the international market, which will allow us to valuing the resources discovered”.
“We will work together to develop these two discoveries, recently confirmed by a third, which will encourage partnership and support the development efforts of these deposits,” he said.
And to add that the relationship with Russian companies “is not limited to research and prospecting with Gazprom”, noting that the group “also works with other Russian companies, in services and the construction of factories “.
These partnerships “are important for Algeria, which is seeking the development and diversification of all partnerships, especially since we have several today with countries in Europe, Asia and America”, he argued.
What’s more, “we have very good relations with Russian companies,” he said.
“For Sonatrach, Gazprom is a reliable partner”, he said, indicating that the two groups are working together to develop certain perimeters and discoveries in Algeria, in particular with “the strong demand for gas that there will be In the coming years”.
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