Tag: billion
-
The oil and gas sector in Algeria is awaiting the pumping of $40 billion in investments to increase production
The oil and gas sector in Algeria is expected to pump $40 billion over the next 5 years, as part of a strategic plan aimed at increasing production to secure growing domestic demand and increase exports. In this context, the Algerian Minister of Energy and Mines, Mohamed Arkab, said that his country is planning a…
-
Mexico’s Pemex offers a new solution to pay off $10 billion in debt
The Mexican oil company Pemex is seeking solutions to pay off its $105 billion financial debt, in an attempt to take advantage of high oil prices to make profits, after the government withdrew its support. The company is looking for funds to make approximately $10 billion in bond payments in the current year (2023), an…
