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French 'Engie' Officially Exits 'Tawaat Gas' Field in Adrar

March 1, 2026اقتصاد – الشروق أونلاينechoroukonline.comTranslated from Arabic
French 'Engie' Officially Exits 'Tawaat Gas' Field in Adrar

The government has officially marked the exit of a new French company from the Algerian market through a presidential decree, this time concerning the energy giant 'Engie', whose shares in the Tawaat gas field in Adrar have officially been acquired by a Thai company and the Italian Eni. In this context, a presidential decree dated February 17, 2026, published in the latest issue of the official gazette, states that annex number 5 of the contract dated July 10, 2002, for the exploration, estimation, and exploitation of hydrocarbons in the area called Tawaat (blocks 352A and 353) concluded in Algeria on November 10, 2025, between the national company SONATRACH and 'E O Algeria Tawaat B.V.' has been approved. As is known, the Tawaat gas field was managed by SONATRACH...

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