Exploration

Saudi player strikes $5.4 billion E&P deal in Algeria

Midad Energy aims to tap 1 billion barrels of oil equivalent of resources in the Illizi Sud licence

Algerian government officials and executives of Riyadh-based Midad Energy in Algiers.
Algerian government officials and executives of Riyadh-based Midad Energy in Algiers.Photo: SONATRACH
Africa CorrespondentLondon
Published 14 October 2025, 09:25Updated 14 October 2025, 09:25
AlgeriaSonatrachMidad EnergyIllizi SudAfrica