Algeria | Egypt Oil & Gas - Part 22

Algeria Energy Earnings to Fall by 50% This Year

Algeria’s energy earnings are forecast to fall to $26.4b next year while foreign exchange reserves will dip to $121b after low oil prices cut into the Opec nation’s economy.

Algeria to Focus Next Year on Developing From Older Oil Fields

Sonatrach state energy company Vice President, Salah Mekmouche, said the company would focus on developing more from older fields like Hassi Massoud, Hasi Berkine, and Illizi southwest and east.

Italian Eni May Develop Renewables in Algeria

Eni's Chief Executive Officer Claudio Descalzi offered to build clean energy in Algeria during a meeting with the Algerian Prime Minister Abdelmalek Sellal along with the energy minister and head of Sonatrach Group.

Algerian Minister Calls on Sonatrach to Speed Production

Algerian Minister of Energy Salah Khebri urged Sonatrach Group to increase its output and cut costs.

Egypt’s Sino Tharwa Wins Algerian Bid

Ahmed Anwar, Chairman of Sino Tharwa, has informed Egypt Oil & Gas that the company has tendered for and won an international bid round in Algeria.

Algerian-Tunisian Energy Cooperation ‘Excellence’

The level of the cooperation relations between Algeria and Tunisia in the field of energy has reached a level of "excellence," affirmed in Algiers Minister of Energy Salah Khebri and Tunisian Minister of Industry, En ...

OPEC Driving US Shale Downturn

The Organization of Petroleum Exporting Countries—OPEC—is driving US oil and gas rigs to some of their lowest levels in a decade, Bloomberg

Sudan, Algeria Agree to Cooperate on Oil and Gas

Sudan and Algeria have agreed to cooperate in areas of oil, gas, training and scientific research.

Algeria’s Sonatrach to Restructure to Face Oil Crisis

Algeria’s state energy firm Sonatrach has begun a restructuring aimed at saving money and coping with the dramatic slide in global oil prices.

Venezuela Succeeds in Calls for OPEC Meeting

The Organization of Oil Producing Countries—OPEC—will hold a technical meeting on October 21st, France 24

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