ALGIERS, Feb 7 (Reuters) - Algerian state energy
company Sonatrach is planning to invest $68 billion in the
country's energy sector over the next four years, its chief
executive said on Tuesday.
"We plan to invest $68 billion between now and 2016. This
includes several activities," Sonatrach CEO Abdelhamid Zerguine
told a news conference.
The company has made unconventional, or shale, gas
exploration a priority. Sonatrach vice-president in charge of
upstream, Said Sahnoun, said the first shale gas well will be
drilled in May and a second one in October this year.
(Reporting by Hamid Ould Ahmed; Writing by Christian Lowe;
Editing by James Jukwey)
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