Algeria in Talks with Exxon, Shell for Shale Gas Partnership
Studies have indicated that Algeria may hold large reserves of shale gas. Government estimates country’s shale reserves to be around 600 trillion cubic feet. The country is also working on attracting foreign firms to full develop this unconventional energy source.
Earlier this year, Sonatrach revealed plans to invest almost $80 billion over the next five years to develop the oil and gas sector.