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Natural gas production and export: Petrojet wins a $1 billion oil contract in Algeria

23/10/2025
Source : ORISHAS FINANCE
Categories: Raw materials

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On Tuesday, October 21, last Tuesday, October 21, the Egyptian group Petrojet won a contract worth approximately $1.08 billion in connection with the phase 2 for the development of the Hassi Bir Rekaiz oil field, in the east of the country.

The contract is for the construction of a unit of central processing with a capacity of 31 500 barrels per day, as well as on the r é ' about 217 km from pipelines. This second phase of development has several objectives: intended to support the production and export of crude oil. Petrojet will act as the main contractor in a consortium with Arkad S.p.A

.

As per data é es from Trading Economics, for Algeria, on the one hand, it is a question of further developing its oil sector, including the production was 947 000 b/d until û t 2025.

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