abce certificate
Tuesday, 02 December, 2008, 22:10 GMT | more >>

Sonatrach revs up its earnings



By Upstream staff 

Algerian state energy player Sonatrach earned a record $19 billion in the first three months of 2008, chief executive Mohamed Meziane said.

"Sonatrach's revenue was at $19 billion by the end of March 2008," Mohamed Meziane told Algiers-based newspaper Liberte.

He gave no figure for the same period last year and did not say whether the figure for January to March this year included the revenue of Sonatrach's foreign partners.

Sonatrach earned $17 billion in the first four months of 2007, and its revenue jumped to $59 billion for the whole year, with $3.9 billion of that going to foreign partners, Meziane said.

He added that Sonatrach was planning to invest $ 45 billion between 2008 and 2012.


Wednesday, 16 April, 2008, 12:43 GMT  | last updated: Wednesday, 16 April, 2008, 12:43 GMT

Racing ahead: Algerian producer Sonatrach
 

e-mail this article to a colleague


to email:  from:
comments: