doubling exports

Will Sonatrach’s hydrocarbon discovery make Algeria a key energy partner for Europe?

By Maher Hajbi

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Posted on April 13, 2023 09:50

In 2023, Algeria should continue to play a leading role in the international hydrocarbon market. Here, the HGA South separation and compression centre in Hassi Messaoud (Ouargla), 22 February 2023, © Billel Bensalem/APP/NurPhoto via AFP

Following a record-breaking year in 2022, the national company Sonatrach has announced the discovery of six new deposits in the first quarter of 2023. In the midst of a global decline in production, the oil and gas boom shows no signs of abating, positioning Algeria as a strong player in the international hydrocarbon market.

In line with recent impactful official statements, the Algerian national oil and gas group has revealed the discovery of six new hydrocarbon resources between January and March 2023.

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