Algeria | Egypt Oil & Gas - Part 18
Algeria Expected to Push for Production Freeze
Algeria and other OPEC members are expected to push for a production freeze during an OPEC informal meeting scheduled for late September in Algiers.
Algeria’s New Economic Model to Counter Oil Revenues Slump
OPEC member Algeria adopted a new economic growth model, as part of the North African nation's efforts to diversify its economy, which has been dependent on hydrocarbons revenues.
Egypt Negotiates LNG Imports
The Egyptian government is in negotiations with the states, that are involved in a joint-cooperation agreement with Egypt and own LNG companies, to supply Egypt’s LNG requirements for two years. Algeria’s Tiguentourine Gas Plant to Come Back Online
Algeria's Tiguentourine gas plant, located 1,600km south east of the capital city Algiers, will be put back in service, according to Director General of the gas complex. Algeria: Oil and Gas to Increase by 30% in 2020
Algeria’s Energy Minister, Noureddine Bouterfa, has said that Sonatrach expects a boost in its oil and gas production by 30% in 2020.
Algeria Boosts Output at Two Major Oil Fields
Algeria has increased its oil output at the Hassi Messaoud and Ourhoud oil fields over the last few months in an effort to compensate for lost revenue, Algeria’s Forex Expected to Drop to $116b by end 2016
Low crude prices have hit Algeria’s foreign exchange reserves forcing the government to make further cuts in spending. Algeria Orders Nine GE’s Jenbacker Gas Engines for Power Generation
Algeria has purchased nine General Electric's Jenbacher gas engines to provide power for two of its plants in the country's largest industrial conglomerate in attempts to increase production of household appliances.
