Algeria increases oil output by 100,000 barrels per day
Xinhua, November 13, 2016 Adjust font size:
Algeria has increased its oil production by 100,000 barrels per day as of July, according to a statement issued Saturday by the state-run energy giant Sonatrach.
The statement said that crude oil production from January to October in 2016 increased eight percent year-on-year.
As a member of the Organization of Petroleum Exporting Countries, Algeria pumps about 1.2 million barrels per day.
Sonatrach also said its gas production is due to rise after three new plants, two of which will be launched in partnership with Britain's BP, Norway's Statoil and Italy's ENI, come into operation.
On Oct. 31, the oil giant announced that it had discovered 28 gas deposits in the first three quarters of 2016.
The oil production and hydrocarbon investment in Algeria have declined in recent years owing to the acute fall in oil prices and the depletion of revenues.
At a meeting chaired by Algerian President Abdelaziz Bouteflika on Oct. 4, the Council of Ministers adopted a presidential decree that allows Sonatrach to accelerate research operations in six new areas which potentially contain oil and gas deposits. Endit