A senior Algerian energy official told Reuters that his country had cancelled a planned bid round for oil and gas exploration rights, due to low oil prices.
Sonatrach CEO Amine Mazouzi said in Oran the group's medium-term development program (2015-2019) aims to strengthen the position of Algeria on the international energy and gas markets and meet the needs of the intern ...
Algeria's foreign exchange reserves fell 11.1% in the first six months of 2015 as a result of weaker oil prices, the central bank informed. The government is planning to raise taxes on diesel, 3G internet, and electr ...
Algeria plans to increase natural gas output by 13% by 2019 to reverse a decline in energy production in recent years that has hit its export earnings and spending policy, the energy ministry said
Informed sources told the Wall Street Journal that Algerian Oil Minister Salah Khebri had written to OPEC warning that a new drop in oil prices may warrant fresh discussions over the organization's strategy.
According to a US Energy International Administration press release the Algerian government is amending its foreign investment laws in hydrocarbons to attract investment and technology.
OPEC member Algeria has increased crude oil output by 32,000 barrels per day after starting production at two fields, an energy ministry official said on Sunday.