Mali: Algeria’s Sonatrach to commence Mali oil drilling by mid 2012

Algerian state energy group Sonatrach will start long-awaited drilling for oil in Mali’s section of the Taoudeni Basin by mid-2012, the company’s managing director said on Malian state radio. Sonatrach signed a deal for oil exploration in Mali in 2007, but progress has been slow in the basin, which straddles Mali, Algeria and Mauritania. The area is overrun by gunmen, some of whom are linked to al Qaeda.