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Sunday, July 05, 2020 22:2 GMT
National hydrocarbon company Sonatrach has reduced by 50% its expenditure and re-examined its investment plan in the last few months, following the government’s instructions, said Wednesday, in Algiers, the company’s CEO Toufik Hakkar. In a press briefing on the sidelines of the signing ceremony of several cooperation agreements with Italian energy company ENI, Hakkar said, regarding Sonatrach’s future projects, notably in the context of the drop in oil and gas prices amidst Covid-19 crisis,...More