Algeria | Egypt Oil & Gas - Part 4
Egypt Participates in OAPEC Meeting
The Minister of Petroleum and Mineral Resources, Tarek El Molla, has participated in the Organization of Arab Petroleum Exporting Company (OAPEC) virtual meeting which was launched from Kuwait under the presidency of ...
OPEC Mulls Deeper Output Cuts in 2021
The Organization of the Petroleum Exporting Countries and its allies (OPEC+) are looking into the possibility of further cuts early next year in an effort to try and revitalize the oil market, according to Reuters. Th...
Sonatrach, Naturgy Sign New Gas Contracts
Algeria’s state-run oil and gas company, Sonatrach, has signed gas contracts with the Spanish gas company, Naturgy, according to a press release. Signed in the presence of Spain’s Prime Minister Pedro Sanchez, the de...
UAE, Algeria Committed to OPEC+ Deal
The United Arab Emirates (UAE) has reaffirmed its commitment to the Organization of Petroleum Countries and its allies (OPEC+) output deal despite rising domestic needs, according to S&P Global. Suhail Mazrouei, t...
Sonatrach Signs $520 MM Worth of Contracts
Algerian national oil company, Sonatrach, has signed a multitude of oil and gas contracts with local companies totaling 67 billion Algerian Dinar ($520) , according to a press release. Sonatrach has entrusted six Alge...
Occidental Petroleum Rescinds Offer to Sell Algerian Assets
American oil company, Occidental Petroleum Corporation, has withdrawn its year-long standing offer to sell Algerian oil and gas fields to raise capital for debt payments, according to Bloomberg. Despite the year-long...
Algeria to Resume LNG Production from Skikda Plant
Algeria’s state-run oil company, Sonatrach, has resumed liquefied natural gas (LNG) production from its Skikda plant after the completion of maintenance works, according to Reuters. Operations restarted on July 16 and...
Sonatrach Signs $400 MM Contract with Maire Tecnimont
A consortium made up of Sonatrach and its two partners PTTEP and PVEP has signed an Engineering, Procurement & Construction (EPC) contract worth $400 million with Italy’s Maire Tecnimon for the completion of the B... 
