The Algerian hydrocarbon company, Sonatrach, achieved an export turnover of more than 35 billion USD in 2021, against 20 billion in 2020. Data communicated in an interview with the chairman and general manager of the company published on 27 last February.
These are, according to Toufik Hakkar, the results of the increase in primary hydrocarbon production by 5% and export volumes by 17% compared to 2020. “In terms of production which reached 185 million toe (tons of oil equivalent) in 2021, the increase comes from the effort to keep our fields in operation, but also from the implementation of our development program through the commissioning of several projects, including the Hassi R’Mel boosting, the start-up of which took place in two phases in 2020 and 2021 and the gas fields of Tinhert and the outskirts of Gassi Touil”, specifies the CEO of Sonatrach.
“The contribution of these projects has enabled us to satisfy the national market, whose sales totaled 64 million TOE, up 8% compared to 2020, and to increase our export level to 95 million TOE to meet to sustained demand throughout 2021,” he added.
The company has an investment plan for the year 2022 which is around 8 billion USD.
In his interview, Toufik Hakkara also declared that his country was ready to increase its gas supplies to the European market, answering a question on the redeployment of the company in a sensitive geopolitical context with the Ukrainian crisis.