Algeria | Egypt Oil & Gas - Part 9
Algeria to Issue Solar Energy Tenders
Algeria plans to issue solar energy tenders to be able to meet the rising demand for electricity and to increase gas exports, an official said, Reuters reported. The country hopes to establish solar plants to cover ar...
Algeria to Reduce Oil Output as Part of OPEC Deal
Algeria has reduced its oil output by around 24,000 to 25,000 barrels per day (b/d) starting from January 1 according to The Organization of Petroleum Exporting Countries (OPEC) and non-OPEC agreement, state-controlle...
Sonatrach Signs Contract with Maire Tecnimont for Algeria LPG Train
Algerian state energy firm Sonatrach has signed a contract with Italy’s Maire Tecnimont for the LPG Train 4 – ZCINA Hassi Messaoud project in Algeria, Pipeline Oil and Gas Magazine reported. The project is for t...
Sonatrach Signs Offshore Exploration Deals with Eni, Total
State-owned Algerian firm Sonatrach has signed two offshore exploration contracts with oil majors Total and Eni, according to Reuters. The agreement was signed by Eni chief executive Claudio Descalzi, Total chief exec...
UAE’s Dragon Oil Looking to Spend $500M in Acquisitions in 2019
The upstream investment arm of Dubai state-owned ENOC, Dragon Oil, plans to invest $500 million in oil and gas assets next year, chief executive Ali Rashid al-Jarwan told Reuters. Dragon Oil aims to boost its producti...
OPEC non-OPEC Producers Won’t Increase Oil Output: Sources
A meeting between OPEC and non-OPEC oil producers on September 23 will likely not result in any further increase in crude oil production beyond what was agreed in June, five sources told Reuters. The meeting, being he...
Algeria Crude Exports Down 2.8% in Q1 2018
Algeria’s oil and gas exports fell 2.8% year-on-year (YOY) in Q1 2018 due to higher domestic consumption and lowered production, the energy ministry announced, according to Reuters. Exports for the first three months ...
Algeria to Build New Pipeline by 2020: Sonatrach
Algerian state-owned Sonatrach will invest $280 million to build a gas pipeline that will link to two existing pipelines between Spain and North Africa, Sonatrach Vice President Ahmed Mazighi told Reuters. The 197 km ...
