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Hydrocarbons in Algeria: $5.4 Billion Contract Approved
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The hydrocarbon sector in Algeria has just marked a significant milestone with the official approval of a major exploration and exploitation contract. Presidential Decree No. 26-113, dated 8 March 2026, validated a strategic agreement between the national company Sonatrach and Midad Energy North Africa, a subsidiary of the Saudi group Midad Energy. This contract covers the "Illizi Sud" perimeter, located in the Illizi basin, about 100 kilometres…
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