Algeria | Egypt Oil & Gas - Part 24

Weak Oil Prices Harm Algerian Forex Reserves

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 ...

Lack of Progress on a Deal to Combat Climate Change

Frustration is growing amongst diplomats wrangling over their own lack of progress on a deal to combat climate change.

Algeria to Raise Gas Output by 13% by 2019

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

Algeria Trying to Move OPEC and Other Oil Producers to Control Prices

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.

Algeria Calls for Non-OPEC Members to Cut Production Rates

The Algerian energy minister stated that non-OPEC nations need to help to stabilize international oil prices,

Algerian Inducements for Petroleum and Shale Investments, Legal Reforms on Books

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.

Algeria Increases Oil Production by 32,000 b/d

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.

Algeria Cuts Spending, Energy Revenues Falls

Algeria will trim spending in its 2015 budget by 1.35 percent, expecting a slump in oil prices to reduce its energy earnings 50 percent, the government said on Thursday.

Algeria’s Q1 Oil and Gas Output Decreases 6 Percent

Algeria's oil and natural gas output fell by 6 percent in the first quarter of 2015 from a year earlier despite an increase in investment, state radio reported on Wednesday citing the energy ministry.

EU Looks to Mediterranean to Diversify Gas Supply

The European Commission is preparing a ‘diplomatic energy action plan’ to diversify the EU’s natural gas supply sources, with plans for tapping Algeria’s huge unexploited reserves, and a comprehensive LNG strategy du ...

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