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News Algeria » Illizi » Commerce: Sonatrach, Midad Energy sign $5.4bn contract for Algeria’s Illizi Basin

News channel or source: https://www.msn.com/en-us/money/markets/sonatrach-midad-energy-sign-5-4bn-contract-for-algeria-s-illizi-basin/ar-AA1Os8U2
Published on: Monday 13 October 2025

Algerian state-owned oil company Sonatrach and Saudi Arabia's Midad Energy North Africa have signed a production-sharing contract (PSC), worth around $5.4bn (AD704.08bn), focused on oil and gas ...

News Algeria » Illizi » Commerce: Algeria signs $5.4 billion oil and gas deal with Saudi firm Midad Energy

News channel or source: https://www.reuters.com/business/energy/algeria-signs-54-billion-oil-gas-deal-with-saudi-firm-midad-energy-2025-10-13/
Published on: Monday 13 October 2025

Oct 13 (Reuters) - Algeria's state-owned energy company Sonatrach said on Monday it signed a contract worth around $5.4 billion with Saudi Arabia's Midad Energy for oil and gas exploration and ...

News Algeria » Illizi » Commerce: Sonatrach and Midad Energy Ink $5.4 Billion Deal for Illizi Basin Development

News channel or source: https://oilprice.com/Company-News/Sonatrach-and-Midad-Energy-Ink-54-Billion-Deal-for-Illizi-Basin-Development.html
Published on: Monday 13 October 2025

1 day Asian LNG Spot Prices Jump 10% as Hormuz Crisis Reignites Supply Fears 1 day Pakistan Pays Highest Spot LNG Price in Four Years as Qatar Supply Falters 2 days TotalEnergies Sees Stronger Q2 ...

News Algeria » Illizi » Commerce: Saudi player strikes $5.4 billion E&P deal in Algeria

News channel or source: https://www.upstreamonline.com/exploration/saudi-player-strikes-5-4-billion-e-p-deal-in-algeria/2-1-1885473
Published on: Monday 13 October 2025

My Alerts is a service for subscribers. Please login or subscribe in order to use My Alerts. Saudi Arabian conglomerate Midad Energy has signed a deal to invest $5.4 billion in exploration and ...

News Algeria » Illizi » Commerce: Midad to Invest $5.4B in Algerian Production Sharing Contract

News channel or source: https://www.rigzone.com/news/midad_to_invest_54b_in_algerian_production_sharing_contract-14-oct-2025-182068-article/
Published on: Monday 13 October 2025

Sonatrach signed a 30-year exploration and production contract with Midad Energy for the Illizi South area, expecting a total of 993 million barrels of oil equivalent. Image by MSC via iStock ...