Economic Policy

Government economic decisions, reforms, budgets, and fiscal policy

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Signing of the contract to commence the second phase of the development of the Hassi Bir Rakaiz field

Signing of the contract to commence the second phase of the development of the Hassi Bir Rakaiz field

On Tuesday, May 5, the contract to commence the second phase of the Hassi Bir Rakaiz field development project was signed, along with a memorandum of understanding to frame discussions on contracts for the marketing of crude oil and petroleum products. According to the Ministry of Energy, the ceremony was presided over by the Minister of State, Minister of Energy, Mohamed Arkab, and the Minister of Petroleum and Mineral Resources of the Arab Republic of Egypt, Karim Ibrahim Ali Badawi, at the headquarters of the General Directorate of SONATRACH. View the full content on Echourouk Online.

May 5, 2026echoroukonline.com