Algeria updates investment plans

摘要

Algeria plans to invest $76.5bn in its oil and gas sector in 2016-20, state-owned Sonatrach’s vice-president for exploration and production, Salah Mekmouche, says. The company will invest in field developments to boost hydrocarbon output to over 4.8mn b/d of oil equivalent (boe/d), up from 3.87mn boe/d last year. Crude and condensate output was 1.2mn b/d last year, with gross gas output at 128bn m3, Mekmouche says. Roughly