{"id":462222,"date":"2018-09-17T22:21:13","date_gmt":"2018-09-17T21:21:13","guid":{"rendered":"https:\/\/en.financialafrik.com\/?p=462222"},"modified":"2018-09-17T22:21:13","modified_gmt":"2018-09-17T21:21:13","slug":"algeria-sonatrach-announces-59-billion-investment-in-the-country","status":"publish","type":"post","link":"https:\/\/www.financialafrik.com\/en\/2018\/09\/17\/algeria-sonatrach-announces-59-billion-investment-in-the-country\/","title":{"rendered":"Algeria: Sonatrach announces $ 59 billion investment in the country"},"content":{"rendered":"<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div><p>The Algerian oil and gas group Sonatrach is considering a US $ 59 billion investment in the country in the medium term in the field of energy.<\/p>\n<p>Sonatrach&#8217;s Vice President of Strategy, Planning and Economics, Farid Ghezali, gave the news on Sunday 09 September at a lively conference on &#8220;investment opportunities for Algerian companies&#8221; in the part of the Company Information Days.<\/p>\n<p>According to the senior official of the Algerian company, this amount will be disbursed in particular in exploration, production, refining, petrochemicals and pipeline transportation.<br \/>\nIn addition, Sonatrach will help the creation of companies including engineering, iron and steel, pipe manufacturing, boiler equipment and industrial subcontracting.<\/p>\n<p>According to Algerian energy minister Mustapha Guitouni, Sonatrach&#8217;s overall investment volume was in the order of $ 10 billion a year on average.<\/p>\n<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div>","protected":false},"excerpt":{"rendered":"<p>The Algerian oil and gas group Sonatrach is considering a US $ 59 billion investment in the country in the medium term in the field of energy. Sonatrach&#8217;s Vice President of Strategy, Planning and Economics, Farid Ghezali, gave the news on Sunday 09 September at a lively conference on &#8220;investment opportunities for Algerian companies&#8221; in<\/p>\n","protected":false},"author":533179,"featured_media":462226,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"aside","meta":{"pmpro_default_level":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"translated_post_url_fr":"","_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":[12028],"tags":[12996,1590],"class_list":{"0":"post-462222","1":"post","2":"type-post","3":"status-publish","4":"format-aside","5":"has-post-thumbnail","7":"category-energy","8":"tag-algeria","9":"tag-sonatrach","10":"post_format-post-format-aside","11":"pmpro-has-access"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.5 (Yoast SEO v27.6) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Algeria: Sonatrach announces $ 59 billion investment in the country - Financial Afrik<\/title>\n<meta name=\"description\" content=\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. 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