Algeria | Egypt Oil & Gas - Part 21
Algeria to Issue Local Debt to Offset Global Oil Price Drop
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, Prime Minister, Abdelmalek Sellal said accordi...
Algeria’s President Calls For Increase in Gas Production
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 d...
Algeria’s Renewable Energy Target is a ‘Utopia’
Algeria’s renewable energy development program is “practically a utopia”, according to the state-owned electricity and gas operator, Sonelgaz’s CEO, Noureddine Bouterfa, RenewablesSeeNews repor... BP, Statoil, Algerian Sonatrach, Launch In Salah Gas Production
The global giant, BP, together with the Algerian company, Sonatrach, and the Norwegian major, Statoil – the three joint venture partners in In Salah Gas Field – have commenced production from the In Salah ...
Algeria to Launch Bids for Renewable Projects
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, RenewablesSeeNews reported. The Algeri...
Jordan, Algeria in Talks over Energy Cooperation, LNG Imports
Jordan and Algeria discuss bilateral energy cooperation and prospects for importing liquefied natural gas from the North African nation, Petra News Agency reported. Jordanian Ministry of Energy and Mineral Resources h...
Algerian Court Issues Jail Sentences in Sonatrach Case
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 form...
Algeria Trade Deficit Widens amid Low Oil Prices
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, Africa News reported. Due to low oil pri...
