Tag Archives: Algeria

Algeria is reforming its laws to attract foreign investment in hydrocarbons

August 4, 2015 Source: U.S. Energy Information Administration, International Energy Statistics Republished August 4, 2015, 1:00 p.m. to correct the map legend. Algeria is the third-largest oil producer in Africa, after Nigeria and Angola, and the largest natural gas producer in Africa. However, production of both oil and natural gas has declined over the past […]

Algeria: Sonelgaz, GE Award Winners of Energy Innovation Contest

Algiers — Sonelgaz Group and the US firm General Electric (GE) awarded Wednesday in Algiers, Algerian six winners of “Industry and Entrepreneurship Development in Algeria” (IDEA), launched in 2014 to identify start-ups in the field of energy innovation. The award ceremony was attended by CEO of Sonelgaz Noureddine Boutarfa and CEO of GE Power and […]

Algeria: Shale Gas Should ‘Complement’ Energy Mix, Says Former Sonatrach CEO

Algiers — The shale gas in Algeria must have a long-term position as a complementary resource in the national energy mix and should in no way be considered as “source of revenue,” export Abdelmajid Attar told APS. For the former CEO of Sonatrach, any technical and cost effective confirmation of shale gas in the next […]

Algeria: Shale Gas, Not a Threat to Environment in Algeria, Says Sonatrach Senior Official

Algiers — The exploitation of shale gas doesn’t represent a threat to the environment in Algeria, declared Monday a senior official at Sonatrach, mentioning some assets specific to the regions and the nature of the rocks to be fractured. Speaking during the 9th North Africa Oil and Gas Summit being held on 7-9 December in […]

Algeria: Oil Tax Revenues Slide in 1h of 2014

Algiers — The revenues from oil taxes stood at 1,870 billion DA, equaling $ 23.5 billion during the first half of 2014, sliding 10% in comparison with the same period of 2013 (DZD2,086 billion), according to a report of Finance Ministry. Out of this amount collected during the 1st half of the year, DZD 1,577.7 […]

Algeria: Sonatrach to Invest Nearly U.S.$3.5 Billion to Build New Gas Pipelines

Oran — Interim CEO of Sonatrach, Saïd Sahnoun, announced Sunday that the national oil group plans to invest $ 3.480 billion for the construction of new gas pipelines to improve the capacity of those already existing. In a statement he delivered at the opening of the international conference of gas industry in Algeria, Saïd Sahnoun […]

Algeria: Sonatrach, Gazprom Announce Oil Discovery in Berkin Basin

Algiers — Sonatrach and its Russian partner Gazprom EP International B.V. announced Wednesday the successful completion of the drilling operation of Rhourde Sayah North-1 (RSHN-1)exploration wells, located at El Assel perimeter (block 236b) in Berkin Basin. This well, which reached a final depth of 4,120 m in the Ordovician resulted in a discovery of oil […]

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