Algeria targets new oil, gas output boost

摘要

Algiers-Algeria’s Sonatrach is significantly hiking its production ambitions, with the country’s energy minister announcing plans this week for state-owned company to boost its oil and gas output by about 30% by 2020 as it grapples with low prices. The production target is more ambitious than the one envisioned in Sonatrach’s recent medium-term forecast, which projects a 22% rise in oil production between 2015 and 2020 and a 29% increase in gas output over the same period.