ExxonMobil (XOM) to Explore E&P Opportunities in Algeria

ExxonMobil Corporation (XOM) has opened up about its recent interactions with Algerian oil company Sonatrach to begin exploration and production (E&P) opportunities in the country. According to Sonatrach, Algeria currently produces one million barrels of oil per day and 106 billion cubic meters of natural gas per year.The details of the deal have been discussed between the delegation of ExxonMobil and Algerian energy minister Mohammad Arkab. The deal is expected to be finalized in the coming days.The U.S. e ...