Algeria | Egypt Oil & Gas - Part 23

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, Finance Minister Abderrahmane Benkhalfa sai...

Algeria to Focus Next Year on Developing From Older Oil Fields

Algeria will focus next year on maximizing output at its mature fields, and seek out foreign partners with the technology to explore offshore opportunities as part of its strategy to increase output, a senior energy o...

Italian Eni May Develop Renewables in Algeria

Italian Eni may develop renewables in Algeria.  The Rome-based company said in a statement that its Chief Executive Officer Claudio Descalzi offered to build clean energy in the country during a meeting with the Alger...

Algerian Minister Calls on Sonatrach to Speed Production

Algerian Minister of Energy Salah Khebri urged Sonatrach Group to increase its output, claiming that the company was behind schedule and causing delays in wider operations in the country. Speaking during the appointme...

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. The move is part of the company’s effort to enter the inter...

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 I...

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 said. The oil cartel ramped up production at the same time as the US in late ...

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, Sudan News Agency reported. Minister of Oil and Gas, Dr Mohammed Zayed said during meeting his Algerian counterpart at...

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, an internal document seen by Reuters shows, Al Arabia reported. The measur...

Venezuela Succeeds in Calls for OPEC Meeting

The Organization of Oil Producing Countries—OPEC—will hold a technical meeting on October 21st, France 24 reported. Venezuela’s Minister of Mines and Petroleum—Eulogio del Pino—announced the meeting in a recent press ...

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