📷 The logo of the state energy company Sonatrach is pictured at the headquarters in Algiers, Algeria November 25, 2019. REUTERS/Ramzi Boudina Algiers, October 14, 2025 (Saudi Arabia Breaking News) – Algeria’s state-owned energy company Sonatrach has signed a contract valued at approximately $4.5 billion with Saudi Arabia’s Midad Energy for oil and gas exploration and development in the Illizi Basin, Reuters reported. The agreement was signed through Midad Energy North Africa