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Algeria , Wednesday 09 September 2026

Sonatrach and Midad Energy Ink $5.4 Billion Deal for Illizi Basin Development

Published on: Monday 13 October 2025

Sonatrach and Midad Energy Ink $5.4 Billion Deal for Illizi Basin Development Algeria’s state-owned energy giant Sonatrach has signed a $5.4 billion production-sharing agreement with Saudi Arabia’s Midad Energy North Africa to explore and develop hydrocarbons in the Illizi ...



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