Algerian energy company Sonatrach will invest $3.2b over four years, including $530m in 2016, to increase pipeline capacity as natural gas output rises from new and existing fields.
Algeria plans to issue local-currency debt as a source of financing to offset the collapse in world oil prices, which halved government's energy revenues last year.
Algeria’s President Abdelaziz Bouteflika has called for a renewed push to increase gas production in a bid to repair state finances. However, it will take efforts to reverse the trajectory of a sector that fell into ...
Algeria's renewable energy development program is "practically a utopia", the state-owned electricity and gas operator, Sonelgaz's CEO, Noureddine Bouterfa said.
BP and its joint venture partners Algerian Sonatrach and Norwegian Statoil have commenced production of gas from the In Salah Southern Fields (ISSF) project in Algeria.
Algeria will add 4,500 MW renewable power capacity by 2020, Energy Minister, Salah Khebri said, noting that a call for expression of interest for investors will be launched soon.
A verdict was reached in the high-profile corruption trial of former executives at Algeria's state energy giant, Sonatrach. Six officials were handed between five to six years of jail sentences, including a former vi ...
Algeria’s energy earnings dropped by nearly 41% in 2015, leading to a trade deficit of $13.71b – far from the $4.3b surplus of 2014, according to the Algerian Finance Ministry.