Sonatrach, partners to invest $4 billion to produce 1 billion oil equivalent in Berkine

The logo of the state energy company Sonatrach is pictured at the headquarters in Algiers
The logo of the state energy company Sonatrach is pictured at the headquarters in Algiers, Algeria November 25, 2019. REUTERS/Ramzi Boudina

ALGEIRS, July 19 (Reuters) - Algeria’s Sonatrach and its partners Occidental (OXY.N), TotalEnergies (TTEF.PA) and ENI will invest $4 billion dollars in the perimeter of Berkine to produce 1 billion of oil equivalent barrels, Sonatrach’s CEO Tewfik Hakkar told reporters.

Reporting by Lamine Chikhi, Editing by Louise Heavens

Our Standards: The Thomson Reuters Trust Principles.

Read Next