Algeria | Egypt Oil & Gas - Part 10
OPEC Supply Cuts: Oil Production 9% Lower than Agreed
Signatories to the OPEC non-OPEC supply cut agreement reduced production in July by 9% more than agreed, according to an official committee, Reuters reported. The output figures for July show steadily increasing produ...
OPEC to Agree Oil Supply Monitoring Mechanism: Kuwait Minister
OPEC and non-OPEC petroleum producing countries will agree to introduce a mechanism for monitoring crude oil production before the end of 2018, Kuwaiti Oil Minister Bakheet Al-Rashidi stated, according to the Arab Tim...
Algeria Pens Gas Supply Deals with Spain, Italy
Algerian state-owned firm Sonatrach has signed gas supply deals with Spain and Italy’s Eni, Reuters reported. Algeria will supply 9 billion cubic meters of gas per year to Spain for nine years. Italy’s Eni will receiv...
Algeria’s Sonatrach Gets Management Overhaul
Algeria’s Sonatrach has changed its senior leadership personnel in a bid to retain skilled workers within the state-run firm, Reuters reported. Algerian President Abdelaziz Bouteflika appointed US-trained Abdelm...
Algeria Raises Output from Alrar Gas Field
Output at the Algerian Alrar gas field near the Libyan border has risen from 16 million cubic meters per day (cm/d) to 24.7 cm/d – a 54.4% increase – after the field was extended, Reuters reported. State e...
Oil Falls 2% Ahead of OPEC Meeting
Oil prices fell on June 21 as producers prepared to discuss the lifting of production cuts at the biannual OPEC meeting on June 22 in Vienna, Reuters reported. Benchmark Brent crude fell more than 2% to a low of $72.9...
Iran Rules Out Agreement at OPEC Meeting
The Iranian oil minister has stated that a deal on oil output at the June 22 OPEC meeting in Vienna is unlikely, setting the stage for a clash with Russia and Saudi Arabia, who are pushing to curb the current producti...
Gas Natural Fenosa Extends Sonatrach Gas Deal to 2030
Spain’s Gas Natural Fenosa has signed an agreement with Algeria’s Sonatrach that will extend their gas purchase contracts until 2030, Pipeline Oil and Gas Magazine reported. The Sonatrach agreement accounts for more t... 
