Algeria | Egypt Oil & Gas - Part 5

Energean Excludes Algeria’s Assets From Edison Acquisition

Energean Oil and Gas PLC and Edison E&P excluded Edison’s Algeria assets from the scope of the acquisition.

Tunisia, Algeria Negotiate 10-Year Gas Supply Contract

Tunisia and Algeria are in the process of negotiating a decade long contract for the future supply of gas between the two countries.

Sonatrach to Decrease Planned Investment by 50%

Algerian President Abdelmadjid Tebboune has demanded that state energy firm Sonatrach decrease their planned investment by 50% from $14 billion to $7 billion.

Sonatrach, ENI Complete the BRN-MLE Pipeline

Sonatrach, Algeria’s national oil company, in collaboration with Italy’s Eni have completed the Bir Rebaa Nord (BRN) and Menzel Ledjmet Est (MLE) pipeline in the Berkine Basin, Algeria.

Algeria’s Sidi Rezine Output Reaches 3.645 MM Tons

Sidi Rezine has restarted its operations and increased its annual output to reach 3.645 million tons, up from 2.7 million tons.

Sonatrach Signs a 3.7 B Deal

Sonatrach signed a deal with a consortium of Spain’s Tecnicas Reunidas and South Korea’s Samsung Engineering to build a new oil refinery in the western Ouargla Province.

SONATRACH Controls Hassi-Messaoud’s Gas Leak

Algeria’s state-owned company, SONATRACH, declared that it managed to control a natural gas leak quickly and successfully.

APICORP to Loan $250 M to Sonatrach

APICORP will loan Algeria’s Sonatrach a US$250 million worth of facilities.

Algeria, Guinea Sign MoU in Gas Sector

Chaher Boulakhras, President and CEO of the National Electricity and Gas Company of Algeria (Sonelgaz), and Juan Ondo Ndongo, General Manager of Equatorial Guinea’s National Gas Company (Sonagas) signed a memorand ...

Algeria’s Oil, Gas Exports Fall by 12.52%

Exports reached $25.28 billion in October 2019, down from $28.89 in 2018.

Page 5 of 27

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