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Tuesday 20th March 2018

Algeria’s Sonatrach Signs $1 Billion Deal with India's Larsen & Tobro to Build Gas Plants

Business

7Dnews London

Mon, 11 Feb 2019 23:20 GMT

Algeria's Sonatrach has signed a $1 billion contract with India's Larsen & Touro to produce 11 million cubic meters of gas a day.

Abdelmouen Ould Kaddour, chief executive of Sonatrach, said on Monday.

"The project shows that the company can increase production in the next few years," Ould Kaddour told reporters.

Algeria's gas production was estimated at 135 billion cubic meters in 2018. 




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