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Sonatrach: Turnover of 20 billion dollars in 2020

ALGIERS- The export turnover of the national hydrocarbons company Sonatrach in 2020 was $ 20 billion, down 39% compared to 2019, following the consequences of the Covid-19 health crisis, said, Tuesday, the group CEO.

July 1, 2021

ALGIERS- The export turnover of the national hydrocarbons company Sonatrach in 2020 was $ 20 billion, down 39% compared to 2019, following the consequences of the Covid-19 health crisis, said, Tuesday, the group CEO.

According to the Director of Performance Management of the group, Mohamed Rachidi Boutaleb, the COVID-19 health crisis in 2020 affected almost all economic sectors in the world and in particular that of oil and gas, specifying that Oil companies suffered losses estimated at 40% of their income and therefore decided to reduce their investments by 32%.

“For Sonatrach, the impact was similar to that recorded,” pointed out Mr. Boutaleb, speaking at a press conference devoted to the presentation of Sonatrach’s results for 2020 and the first 5 months of 2021.

Sonatrach’s investment reached 5.7 billion dollars equivalent, down 30% compared to 2019.

Taxation paid to the State amounted to 1.853 billion DA, down 31% compared to 2019.

Despite the negative impact of the health crisis, “the efforts made by Sonatrach have made it possible to achieve positive results, particularly in terms of exploration and renewal of reserves, commissioning of new gas projects and infrastructures, and export for the first time in a decade of diesel and gasoline, “he underlined.

Primary hydrocarbon production reached 176 million TOE (tonne of oil equivalent), down 6% compared to 2019, driven by compliance with the OPEC + quota and the drop in withdrawals from foreign customers of natural gas.

According to Mr. Boutaleb, the marketed production amounted in 2020 to 140 million TEP, down 7% compared to 2019, while exports reached 81 million TEP.

Regarding the domestic production of refineries, it recorded an increase to 28 million tonnes in 2020, up 7% compared to 2019, he noted, while the import of certain types of Hydrocarbons recorded an 81% decrease in 2020 (0.9 million tonnes) compared to 2019.

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