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10% Hike in Hydrocarbon Exports Expected in 2016, Sonatrach

Source: Algeria Times 6/27/2016, Location: Africa

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Sonatrach Group banks on a hike in its hydrocarbon exports to 108 million ton oil equivalent (TOE) in 2016 against 98.1 million TOE in 2015, i.e. an increase by 10%, CEO of the Group Amine Mazouzi announced.

Speaking at a press conference in which he presented the results achieved by Sonatrach and its perspectives, Mazouzi affirmed that results recorded in the five months of 2016 "are perfectly in line with the ambitious goals set by Sonatrach for 2016 to enable the Group resume growth."

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