In an interview with the national radio program Chaîne 1, Sonatrach CEO Rabi Baji stressed the significance of these discoveries, stating that because most of these resources are located close to existing facilities, they would be able to be integrated into production processes quickly.
The discoveries feature part of a multi-year exploration drive by Sonatrach.
The NOC launched a $40 billion investment plan for the period 2023-2027 earlier this year, and finds made thus far are poised to open a new chapter in Algeria’s energy industry, with the potential for higher production and regional economic growth.
