Sonatrach has signed off on a $100bn investment scheme to boost Algerian oil and gas output by 15% in the five years to 2018.

Algeria’s national oil company aims to reverse recent production declines by raising gross output to 225mn tons of oil equivalent (toe), or around 4.6mn barrels per day of oil equivalent (boe/d), state news service APS reports. (CONTINUED - 561 WORDS)