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News Algeria » Illizi » Trade: 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: Tuesday 14 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 » Trade: Sonatrach and Midad Energy Ink $5.4 Billion Deal for Illizi Basin Development

News channel or source: https://www.msn.com/en-us/money/markets/sonatrach-and-midad-energy-ink-5-4-billion-deal-for-illizi-basin-development/ar-AA1Op9cn
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 » Trade: 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 » Trade: 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 » Trade: 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 ...