Total Not to Acquire Anadarko Algeria Assets

• Thursday, 7th May 2020
• by Editorial Team

French energy major, Total, has been informed by Occidental that it cannot acquire oil and gas assets in Algeria, which was part of the companies’ $8.8 billion deal to buy Anadarko’s assets in Africa, according ...

Sonatrach Signs MoU with Lukoil

• Tuesday, 5th May 2020
• by Editorial Team

Algerian State run Sonatrach has signed a memorandum of understanding (MoU) with Russia’s Lukoil for possible future exploration and production (E&P) in Algeria, according to a press release. The MoU covers the re...

Algeria’s Proven Oil Reserves at 10 Billion Barrels

• Monday, 27th April 2020
• by Editorial Team

Algeria’s Energy Minister, Mohamed Arkab, has announced that Algeria’s proven oil reserves currently stand at 10 billion barrels, according to Reuters. Further to this, Mr. Arkab also announced that Algeria had an est...

Algeria Unaffected by Fall in Oil Prices 

• Sunday, 26th April 2020
• by Editorial Team

Algerian Minister of Energy, Mohamed Arkab, said that Algeria has the means and resources necessary to overcome the world oil crisis and that the recent fall in oil prices has not impacted Sonatrach’s activity, accord...

Algeria’s Sonatrach signs MoU with ExxonMobil 

• Tuesday, 21st April 2020
• by Editorial Team

Algerian state-owned Sonatrach has signed a Memorandum of Understanding (MoU) with America’s ExxonMobil Corporation to pave the way for talks on exploration opportunities in Algeria, following a press release.  Accord...

Energean Excludes Algeria’s Assets From Edison Acquisition

• Wednesday, 8th April 2020
• by Editorial Team

Energean Oil and Gas PLC and Edison E&P are excluding Edison’s Algeria assets from the scope of their acquisition, according to a press release. With the exclusion of the Algerian assets, there will be an adjustme...

Tunisia, Algeria Negotiate 10-Year Gas Supply Contract

• Sunday, 29th March 2020
• by Editorial Team

Tunisia and Algeria are in the process of negotiating a decade long contract for the future supply of gas between the two countries, TAP reported. Mongi Marzouk, Tunisian minister of Energy, Mines and Energy Transitio...

Sonatrach to Decrease Planned Investment by 50%

• Monday, 23rd March 2020
• by Editorial Team

Algerian President Abdelmadjid Tebboune has demanded that state energy firm Sonatrach decrease their planned investment by 50% from $14 billion to $7 billion, according to Reuters. Tebboune decreed on March 22 that th...

Sonatrach, ENI Complete the BRN-MLE Pipeline

• Thursday, 5th March 2020
• by Editorial Team

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

Algeria’s Sidi Rezine Output Reaches 3.645 MM Tons

• Tuesday, 25th February 2020
• by Editorial Team

  Sidi Rezine has restarted its operations and increased its annual output to reach 3.645 million tons, up from 2.7 million tons, according to Reuters. The Algerian oil refinery was shut down in 2018 for the mode...