Algeria | Egypt Oil & Gas - Part 6
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, according to a press release. The leak occurred at a natural gas injector well, 30 kilometers ...
APICORP to Loan $250 M to Sonatrach
The Arab Petroleum Investments Corporation (APICORP), a multilateral development financial institution, will loan Algeria’s Sonatrach a $250 million for two facilities, according to Pipeline Oil and Gas. The first loa...
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 memorandum o...
Algeria’s Oil, Gas Exports Fall by 12.52%
Algeria’s oil and gas exports dropped by 12.52% in the first nine months of 2019, according to Zawya. Exports reached $25.28 billion in October 2019, down from $28.89 in 2018. This came after a 2% drop in output...
Sonatrach Renews Gas Contract with France’s Engie
Algerian state energy firm Sonatrach has renewed its gas export deal with France’s Engie, Reuters reported. The contract is medium to long term. However, no further details on the quantity of gas to be delivered to En...
Algeria Approves New Energy Law
Algeria’s house of parliament passed a new energy law to make its oil and gas investment more attractive to international oil companies (IOCs), Zawya reported. The new law’s legislation still needs approval by t...
Libya’s NOC, Algeria’s Sonatrach Cooperate to Boost Production
Libya’s National Oil Corporation (NOC)’s Chairman, Mustafa Sanalla, met with Sonatrach’s Chairman and CEO, Rachid Hachichi, along with their respective delegations to discuss potential joint cooperation between the tw...
Sonatrach Retains November Saharan Blend OSP
Algeria’s Sonatrach has kept the official selling price of its Saharan blend crude for November loadings the same as it was a month eariler, Zaywa reported. The company stated on October 22 that its Saharan blend crud...
