Do More With Reuters
Partner Services

Algeria's Sonatrach says makes new gas find

Wed May 14, 2008 8:16pm IST
 
Email | Print | | Single Page
[-] Text [+]

ALGIERS, May 14 (Reuters) - Algerian state-owned energy group Sonatrach announced on Wednesday a new gas discovery in the Sahara desert, bringing to six the number of hydrocarbon finds this year.

The gas was found after drilling a well at block 337b in Ahnet perimeter in In Salah area, and tests showed a flow rate of 2,072 cubic metre per hour, Sonatrach said in a statement posted on its website.

The total number of oil and gas discoveries in OPEC-member Algeria rose to 20 finds in 2007 from 18 in the previous year.

Algeria pumps about 1.4 million barrels of oil per day and exports 62 billion cubic metres of gas a year, mostly to Europe. (Reporting by Hamid Ould Ahmed; editing by James Jukwey)

Dubai Debt Fears

Villas are seen on the The Palm, Jumeirah, with Atlantis, The Palm, under construction on the breakwater (crescent), May 3, 2008.  REUTERS/Jumana El Heloueh

Banks outside the Gulf played down their exposure to Dubai debt, after fears the emirate could default and even derail world economic recovery prompted a sell-off in global markets.  Full Article | Slideshow 

India Investment Summit 2009
India Investment Summit 2009

Top executives and bankers discuss their own plans and the broader opportunities and challenges for India.  Full Coverage 

People stroll outside the Taj Mahal hotel ahead of the first anniversary of the militant attacks in Mumbai, November 24, 2009.  REUTERS/Punit Paranjpe
Investors worry about another attack

The risk of militants striking again worries investors who fear that a second attack similar to last year's Mumbai raids could shake the economy.  Full Article | Full Coverage 

Market Update

  • IndiaIndia
  • USUS
  • UKUK
  • Asia
  • Most Actives

road to Copenhagen

BLOGS

Photo
Calculated Move

Reliance aims big with $12 bln bid for LyondellBasell.  Blog 

SHOWCASE

Capital Raising
Capital Raising

Analysis - China banks' rush for billions could trip markets.  Full Article 

 
Photo
Bonus Payout

"Bonus" has become a dirty word on Wall Street.  Full Article 

 
Bubble trouble?
Bubble trouble?

With the BSE Sensex at around 17,000 points, are the Indian equity markets looking at a possible bubble?   Commentary 

 
Funding Blues
Funding Blues

A popular tactic used by Indian brokerages to raise money for rich clients is likely to be banned.  Full Article 

 
Recovery Path
Recovery Path

Indian techie logging out of downturn gloom.  Full Article 

 
Central Banks Cautious
Central Banks Cautious

Reuters tracks the policies of the world's top central banks as the debate over global economic recovery rages on.   Full Coverage 

 
Risky Proposal
Risky Proposal

Rupert Murdoch courts trouble if he blocks Google on news.  Full Article