Algeria :Naftal Parent Company Sonatrach Plans Oil Projects
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Monday, 22 December 2008 |
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Algeria has approved or plans to approve projects expected to bring on
up to 110,000 barrels per day (bpd) of crude oil output and 100,000 bpd
of oil equivalents by 2012 or 2013, a Sonatrach official said.
 The
ventures will not necessarily help to add to Algeria's total oil
production capacity because they will compensate for declining output
in other fields, Said Sahnoun, head of the associations division of
Sonatrach, told reporters.
He said he expected that in the first quarter of 2009 Algerian
authorities would approve development of the Birsbaa field with
Petrovietnam, by 2012 or 2013 with expected output of 40,000 to 50,000
bpd. Asked if these projects would add to the OPEC member country's
capacity, he replied they were not necessarily an addition "as some of
it will compensate for declining fields." He added: "I expect our
production capacity to be about 1.4 to 1.5 million barrels per day in
2012 with these new projects." The north African country's current
crude oil output capacity is 1.4 million bpd.
Naftal is the principal company selling petroleum-based fuels
for domestic consumption in Algeria; its service stations are a
familiar sight throughout the country. Founded in 1982 by government
decree, it was responsible for refining and distribution until 1987,
whereupon it became a subsidiary of Sonatrach.
PetrolWorld 161208
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