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Algeria's Sonatrach signs $500 mln deal with BP, Statoil

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OIL & GAS
Algerian state-owned energy company Sonatrach has signed an agreement with BP and Statoil to produce an additional 11 billion cubic metres (bcm) of natural gas from its Tiguentourine gas field, Sonatrach's CEO said on Wednesday. The field produces 9 bcm per year, but more investment is needed to maintain that output beyond 2035.
 
 
 
 
 

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