Algeria on target for 1.5 million b/d by 2005
Algeria is on track to increase oil output to 1.5 million barrels a day (b/d) by 2005 with the aid of production increases from the Ourhoud field, Algerian Energy & Mines Minister Chakib Khelil said on 6 May. The following day, Spain's Cepsa, one of Ourhoud's operators, announced that output had reached its target of 230,000 b/d ahead of its June target, following total investment of $1,700 million.
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