Nigeria recorded a combined crude oil and condensate production of 1,700,800 million barrels per day (bpd) in May 2026, exceeding its 1.5 million bpd OPEC production quota by 102percent and achieving its highest production level in nearly a year. According…
Eni signs $1.35 billion production sharing deal with Algeria’s Sonatrach
Eni signs $1.35 billion production sharing deal with Algeria’s Sonatrach Algeria’s state-owned oil company Sonatrach and Italy’s Eni have signed a 30-year production sharing contract to explore and develop the Zemoul El Kbar region of Algeria, Sonatrach said in…