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The Latest Breaking News from Toufik Hakkar

Algeria Allocates $400 Mln to Protect Oil Facilities against Terrorism

The Algerian government has launched a plan to protect the oil and gas facilities against potential terrorist acts. The plan consists of hiring 22,000 guards and spending $400 million on the security systems in the infrastructure of oil and gas. Chief Executive Officer at state-owned Sonatrach Group Toufik Hakkar revealed…

Asharq Al-Awsat · Jan 17, 2023

Algeria's Sonatrach: We Cannot Replace Russian Gas Deliveries

Algeria's Sonatrach CEO Toufik Hakkar explained that Algeria currently has some billions of cubic meters of gas in surplus, but they are insufficient to replace Russian gas deliveries to meet Europe's gas needs. He announced that Sonatrach discovered three oil fields this year. This comes in parallel with mounting tension…

Asharq Al-Awsat · Apr 3, 2022

Algeria Warns of Possible Gas Price Rise for Spain

Algeria's state-owned energy giant Sonatrach warned Friday it could increase the price of its gas sales to Spain, against the backdrop of a diplomatic row with Madrid over the disputed Western Sahara. "Since the start of the Ukraine crisis, gas and oil prices have skyrocketed.

Asharq Al-Awsat · Apr 2, 2022

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Algeria's Sonatrach to Share Production in a Region in Niger

Algeria's Sonatrach oil company said it had signed an agreement with the Niger petroleum ministry to share production in Niger's Kafra region, according to a Sonatrach statement. Sonatrach International Petroleum Exploration and Production, a subsidiary of the Algerian company, signed the agreement in Niger's capital. Sonatrach's works in Kafra cover…

Asharq Al-Awsat · Feb 14, 2022

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