Algeria | Egypt Oil & Gas - Part 12
DEA, Sonatrach Sign MoU
Sonatrach signed a memorandum of understanding (MoU) with DEA Deutsche Erdoel AG to provide a framework for DEA to operate in Algeria, World Oil reports. DEA is exploring upstream opportunities in the country, accordi...
Algeria’s Energy Revenues up 17% this Year
Algeria’s energy revenues this year continue to outpace last year’s revenues and are up 17% through October, according to figures reported by Reuters. The north-African nation exported $27.18 billion worth of oil and ...
Enel, Algeria Negotiate Natural Gas Contracts
Enel is negotiating new natural gas contracts with Algeria to replace current contracts set to expire soon, Reuters reports. The company is looking to delink its natural gas contracts from the price of oil, the CEO of...
Sonatrach Looks to Up Gas Exports by 20 mcm/d
Sonatrach will be able to increase its exports of natural gas by 20 million cubic meters per day (mcm/d) to meet increased winter demand, the company’s CEO, Abdelmoumene Ould Kaddour, stated on Monday, according to Al...
Sonatrach to Invest $2B in Hassi Rmel
Sonatrach, Algeria’s state-owned oil and gas company, announced that it plans to invest $2 billion in the Hassi Rmel natural gas field, Zawya reports. The purpose of the investment is to maintain stable production fro...
Algeria Expects Production to Increase by 6.5% in 2018
Algeria expects oil and gas production to increase by 6.5% in 2018, according to a governmental document seen by Reuters. It also projects the value of its energy exports to increase from $32.3 billion this year to ...
Algeria Looks to Begin Production at Reggane
Sonatrach plans to bring online a $1 billion natural gas project at the Reggane natural gas field this year, Sonatrach officials told Reuters. Upon completion, the field should produce up to 8 million cubic meters per...
Algeria’s Oil & Gas Revenues Rise 19%
Algeria reported a 19% increase in its oil and gas exports during the first three quarters of 2017, Zawya reports. Revenues from oil and gas exports reached $24.41 billion for the first nine months of 2017, up 19% fro...
