KEYFACT Energy
Algeria's state-owned company Sonatrach has made a new oil discovery at the Hassi Illatou well in the Sbaa region of Adrar province.
The initial estimated volumes of this discovery stand at 151 million barrels of oil.
The discovery was made 28 years after the last oil discovery at Foukroun in the Sbaa area.
Algerian oil production in September will rise to 1.57 million barrels per day after a decision by the Opec+ bloc to raise its output by 100,000 bpd, Reuters quoted Algerian Energy Minister Mohamed Arkab as saying earlier this month.
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