Sonatrach has launched drilling of an exploration well in Niger, just a few kilometres from the Algerian border. The start of operations was formalized on Thursday, August 13, during a ceremony presided over by Algerian Prime Minister Sifi Ghrieb and his Nigerien counterpart, Ali Mahaman Lamine Zeine. West Africa’s oil sector has also seen recent financial restructuring moves, illustrated by Nigeria’s replacement of its crude oil-backed financing facility. According to Niger’s Ministry of Petroleum, Algerian company ENAFOR, a subsidiary of…
