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Algeria , Thursday 16 April 2026

News Algeria » Illizi » History: Algeria approves $5.4bln Illizi South hydrocarbon project

News channel or source: https://www.zawya.com/en/projects/oil-and-gas/algeria-approves-54bln-illizi-south-hydrocarbon-project-x93mprrf
Published on: Sunday 22 March 2026

Ageria has approved a $5.4 billion hydrocarbon investment project in the Illizi South block after President Abdelmadjid Tebboune signed a presidential decree ratifying the development agreement, ...

News Algeria » Illizi » History: 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

Saudi Arabian conglomerate Midad Energy has signed a deal to invest $5.4 billion in exploration and development activities on a licence in Algeria's Illizi basin that hosts resources of almost 1 ...

News Algeria » Illizi » History: Algeria Secures $5.4 Billion Oil and Gas Deal with Saudi Midad Energy

News channel or source: https://oilprice.com/Latest-Energy-News/World-News/Algeria-Secures-54-Billion-Oil-and-Gas-Deal-with-Saudi-Midad-Energy.html
Published on: Monday 13 October 2025

Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews. Algerian state oil and gas firm Sonatrach has signed a $5.4-billion ...