{"id":11542,"date":"2022-01-08T08:05:50","date_gmt":"2022-01-08T08:05:50","guid":{"rendered":"https:\/\/www.oilnewskenya.com\/?p=11542"},"modified":"2022-01-08T08:05:50","modified_gmt":"2022-01-08T08:05:50","slug":"sonatrach-to-invest-40b-during-the-period-2022-2026","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/sonatrach-to-invest-40b-during-the-period-2022-2026\/","title":{"rendered":"SONATRACH to Invest $40B during the period 2022-2026"},"content":{"rendered":"<div class=\"itemIntroText col-xs-hidden  selectionShareable\">\n<p>SONATRACH CEO Toufik Hakkar has said that the Group was planning to invest nearly $ 40 billion during the period 2022-2026.<\/p>\n<\/div>\n<div class=\"itemFullText selectionShareable\">\n<p><span>During an interview with the Algerian international channel \u201cAL24\u201d, Mr. Hakkar specified that the SONATRACH Group&#8217;s investment plan for the period 2022-2026 comprises nearly 40 billion dollars, including 8 billion dollars in 2022, adding that \u201cthe greater part of these investments will be directed towards exploration and production in order to preserve national productive capacities\u201d.<\/span><\/p>\n<p><span>According to the CEO of SONATRACH, it is also a question of financing refining projects to meet national demand in this field, noting that SONATRACH aspires to carry out at least four projects in the field of petrochemicals.<\/span><\/p>\n<p><span>As part of its proactive plan, the SONATRACH group has allocated $ 500 million as investments for the protection of the environment.\u00a0<\/span><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>SONATRACH CEO Toufik Hakkar has said that the Group was planning to invest nearly $ 40 billion during the period 2022-2026. During an interview with the Algerian international channel \u201cAL24\u201d, &hellip; <a href=\"https:\/\/www.oilnewskenya.com\/index.php\/sonatrach-to-invest-40b-during-the-period-2022-2026\/\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":24,"featured_media":8261,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[7442,7446,11],"tags":[121,2363,7741],"class_list":["post-11542","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-countries","category-north-africa","category-top-news","tag-algeria","tag-sonatrach","tag-toufik-hakkar","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/06\/sonatrach.jpg?fit=1500%2C994&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-30a","jetpack-related-posts":[{"id":9774,"url":"https:\/\/www.oilnewskenya.com\/index.php\/sonatrach-signed-more-than-1100-contracts-signed-with-national-companies-in-2020\/","url_meta":{"origin":11542,"position":0},"title":"SONATRACH Signed More Than 1,100 Contracts Signed with National Companies in 2020","author":"","date":"January 27, 2021","format":false,"excerpt":"The SONATRACH Group has signed more than 1,100 project contracts with national companiesaccording to the Chairman and CEO of the Toufik Hakkar Group. Speaking on the sidelines of the signing of an agreement with the Algerian Institute for Standardization (Ianor), Hakkar stressed that this figure reflected \"the Group's orientation towards\u2026","rel":"","context":"In &quot;North Africa&quot;","block_context":{"text":"North Africa","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/north-africa\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/06\/sonatrach.jpg?fit=1200%2C795&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/06\/sonatrach.jpg?fit=1200%2C795&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/06\/sonatrach.jpg?fit=1200%2C795&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/06\/sonatrach.jpg?fit=1200%2C795&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/06\/sonatrach.jpg?fit=1200%2C795&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":8496,"url":"https:\/\/www.oilnewskenya.com\/index.php\/algeria-sonatrach-eni-sign-several-cooperation-agreements-mainly-in-the-gas-sector\/","url_meta":{"origin":11542,"position":1},"title":"ALGERIA: Sonatrach &#038; ENI Sign Several Cooperation Agreements Mainly in the Gas Sector","author":"","date":"July 2, 2020","format":false,"excerpt":"SONATRACH and Italian group ENI have signed\u00a0 several cooperation agreements in the gas sector and a memorandum of understanding on the possibilities of investment in the exploration and production of hydrocarbons . The two parties signed a memorandum of understanding (MoU) in the presence of the Minister of Energy, Abdelmadjid\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/06\/sonatrach.jpg?fit=1200%2C795&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/06\/sonatrach.jpg?fit=1200%2C795&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/06\/sonatrach.jpg?fit=1200%2C795&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/06\/sonatrach.jpg?fit=1200%2C795&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/06\/sonatrach.jpg?fit=1200%2C795&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":10504,"url":"https:\/\/www.oilnewskenya.com\/index.php\/sonatrach-signs-mou-with-pertamina-to-strengthen-their-strategic-collaboration\/","url_meta":{"origin":11542,"position":2},"title":"SONATRACH Signs MoU with PERTAMINA to Strengthen their Strategic Collaboration","author":"","date":"June 29, 2021","format":false,"excerpt":"SONATRACH\u00a0and its Indonesian partner\u00a0PERTAMINA\u00a0strengthen their relationship by signing a Memorandum of Understanding.\u00a0The two companies have agreed to continue their strategic collaboration to increase their portfolio of activities in Algeria and internationally. The Memorandum of Understanding, signed by Mr. Toufik HAKKAR, Chief Executive Officer of\u00a0SONATRACH, and Mrs. Nicke Widyawati, Chief Executive\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/06\/sonatrach.jpg?fit=1200%2C795&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/06\/sonatrach.jpg?fit=1200%2C795&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/06\/sonatrach.jpg?fit=1200%2C795&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/06\/sonatrach.jpg?fit=1200%2C795&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/06\/sonatrach.jpg?fit=1200%2C795&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":13189,"url":"https:\/\/www.oilnewskenya.com\/index.php\/algeria-eni-sonatrach-sign-strategic-agreements-to-accelerate-emissions-reduction-strengthen-energy-security\/","url_meta":{"origin":11542,"position":3},"title":"ALGERIA: Eni, Sonatrach Sign Strategic Agreements to Accelerate Emissions Reduction &#038; Strengthen Energy Security","author":"","date":"January 23, 2023","format":false,"excerpt":"Eni CEO, Claudio Descalzi, and the CEO of Sonatrach, Toufik Hakkar, signed today in Algiers two agreements which outline future joint projects on energy supply, energy transition and decarbonisation. The agreements were signed in the presence of the Prime Minister of Italy, Giorgia Meloni, and the President of the People's\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/01\/Algeria-Eni-Sonatrach-Agreement.jpg?fit=1200%2C1200&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/01\/Algeria-Eni-Sonatrach-Agreement.jpg?fit=1200%2C1200&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/01\/Algeria-Eni-Sonatrach-Agreement.jpg?fit=1200%2C1200&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/01\/Algeria-Eni-Sonatrach-Agreement.jpg?fit=1200%2C1200&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/01\/Algeria-Eni-Sonatrach-Agreement.jpg?fit=1200%2C1200&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":12137,"url":"https:\/\/www.oilnewskenya.com\/index.php\/algeria-eni-and-sonatrach-agree-to-increase-gas-supplies-through-transmed\/","url_meta":{"origin":11542,"position":4},"title":"ALGERIA: Eni and Sonatrach agree to increase gas supplies through Transmed","author":"","date":"April 11, 2022","format":false,"excerpt":"In the presence of the Algerian President Abdelmadjid Tebboune and the Italian Prime Minister Mario Draghi, the President of Sonatrach, Toufik Hakkar, and the CEO of Eni, Claudio Descalzi signed today in Algiers an agreement that will allow Eni to increase the quantities of gas imported through the TransMed \/\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/12\/Eni-Logo.jpg?fit=474%2C582&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":11392,"url":"https:\/\/www.oilnewskenya.com\/index.php\/algeria-eni-sonatrach-to-relaunch-production-in-the-berkine-basin\/","url_meta":{"origin":11542,"position":5},"title":"ALGERIA: Eni, Sonatrach to Relaunch Production in the Berkine Basin","author":"","date":"December 15, 2021","format":false,"excerpt":"The Chief Executive Officer of Sonatrach, Toufik Hakkar, and the Chief Executive Officer of Eni, Claudio Descalzi, in the presence of the Minister of Energy and Mines Mohamed Arkab and the Ambassador of Italy to Algiers Giovanni Pugliese, signed today a new oil contract related to the onshore Berkine basin\u2026","rel":"","context":"In 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