SONATRACH PRODUCTION DOWN 6%
ENERDATA - 2 Jul 2021 - The Algeria national oil and gas company Sonatrach extracted 176 Mtoe of hydrocarbon in 2020 (-6%), of which 140 Mtoe were marketed (-7%); this drop is partly due to the OPEC+ agreement on crude oil production. The company exported 81 Mtoe of oil and gas during the year, achieving an export turnover of US$20bn in 2020 (-39% compared to 2019) due to a 35% fall in the Sahara Blend oil price and the reduced production. Consequently, Sonatrach’s investment declined by 30% in 2020 to US$5.7bn. The company also produced 28 Mtoe of petroleum products (+7%), while the imports of some oil products fell by 81% to 0.9 Mt in 2020.