Algeria News » Illizi News Algeria » Illizi » Health: Sonatrach, Midad Energy sign $5.4bn contract for Algeria’s Illizi Basin
News channel or source: https://finance.yahoo.com/news/sonatrach-midad-energy-sign-5-090905970.html
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 » Health: 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
Algeria’s state-owned energy giant Sonatrach has signed a $5.4 billion production-sharing agreement with Saudi Arabia’s Midad Energy North Africa to explore and develop hydrocarbons in the Illizi ...
News Algeria » Illizi » Health: 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 ...