Where is Sonatrach located?
Alger, Algeria
Sonatrach is located in Alger, Algeria….Sonatrach.
| Name: | Sonatrach |
|---|---|
| Coordinates: | 36.7528°, 3.0419° Show Map |
| References: | Sonatrach About Sonatrach |
What does Sonatrach do?
Sonatrach, formerly Entreprise Nationale Sonatrach, is the Algerian state-owned oil and gas company. It has control–both direct and indirect–over all aspects of the country’s hydrocarbons and has guided Algeria toward its present status as the second largest global supplier of liquefied natural gas.
How much is Sonatrach worth?
The net income of the Algerian state-owned enterprise Sonatrach amounted to 338 billion Algerian dinars (around 2.51 billion U.S. dollars) in 2019, decreasing from 414 billion Algerian dinars (3.07 billion U.S. dollars) in the previous year. Sonatrach is among Africa’s leading oil and gas companies.
Is Algeria oil rich?
Along with gas, Algeria is a large oil producer with 12.2 billion barrels of proven oil reserves. The country exports 540,000 b/d of its total production of about 1.1 million b/d. According to Sonatrach, about two-thirds of Algerian territory remains unexplored or largely underexplored.
What is Algeria’s government?
Presidential system
Semi-presidential system
Algeria/Government
Is Sonatrach a multinational company?
Sonatrach (Arabic: سوناطراك; French: Société Nationale pour la Recherche, la Production, le Transport, la Transformation, et la Commercialisation des Hydrocarbures) is the national state-owned oil company of Algeria….Sonatrach.
| Type | State-owned Corporation |
|---|---|
| Owner | Algerian government |
| Number of employees | 120,000 (2010) |
Who owns Algerian oil?
Overview
| 2018 | 2019 | |
|---|---|---|
| Total Local Production | 95,898 | 89,583 |
| Total Exports | 51,424 | 42,497 |
| Total Imports | 0 | 0 |
| Imports from the U.S. | 0 | 0 |
Is Algeria richer than Nigeria?
Nigeria with a GDP of $397.3B ranked the 32nd largest economy in the world, while Algeria ranked 56th with $173.8B….Gross Domestic Product & Income.
| Stat | Algeria | Nigeria |
|---|---|---|
| Population | 41.3M | 190.9M |
| GDP per capita | $4.1k | $2k |
| GDP per capita growth | -0.62% | -0.67% |
| Purchasing Power Parity conversion factor | 30.99 | 110.03 |
Who runs Algeria?
President of Algeria
| President of the People’s Democratic Republic of Algeria | |
|---|---|
| Incumbent Abdelmadjid Tebboune since 19 December 2019 | |
| Residence | El Mouradia |
| Appointer | Popular vote |
| Term length | 5 years, renewable once |
What type of government is Algeria 2021?
Algeria is a multiparty republic whose president, the head of state, is elected by popular vote for a five-year term. The president has the constitutional authority to appoint and dismiss cabinet members and the prime minister, who is the head of government.
Is Sonatrach state owned?
How did Sonatrach gain control of Algerian oil?
Sonatrach gained control over all Algerian petrochemical resources following President Houari Boumedienne ‘s nationalisation of all French oil and gas holdings beginning on February 24, 1971. The old concession system was replaced by a seizure of a 51% share of French petroleum companies.
How many gas stations does Sonatrach have in Algeria?
In 1998, Sonatrach acquired Naftal, which is the principal company selling petroleum-based fuels for domestic consumption with about 10,000 gas stations (as of 2005). Naftec, a subsidiary of Sonatrach, operates Algeria’s four refineries, which have combined capacity of 450,000 bbl/d (72,000 m 3 /d).
Where is the headquarters of Sonatrach oil company?
It is headquartered in Algiers, Algeria. Sonatrach was founded in 1963 and nationalized refining and distributing in 1967. By 1971, the company had nationalized most of the petroleum industry within the country. Due to technical limitations though, laws were relaxed over the years to allow for partnerships with IOCs.
When did Sonatrach nationalize the petroleum industry?
Sonatrach was founded in 1963 and nationalized refining and distributing in 1967. By 1971, the company had nationalized most of the petroleum industry within the country. Due to technical limitations though, laws were relaxed over the years to allow for partnerships with IOCs.