A verdict was reached in the high-profile corruption trial of former executives at Algeria’s state energy giant, Sonatrach. Six officials were handed between five to six years of jail sentences, including a form...
Vietnamese oil and gas explorer, PetroVietnam Exploration Production Corporation (PVEP) celebrated the first commercial oil flow from the Algerian Bir Seba field, Vietman Net reported. The Bir Seba fields in Sahara De...
Algeria will focus next year on maximizing output at its mature fields, and seek out foreign partners with the technology to explore offshore opportunities as part of its strategy to increase output, a senior energy o...
Algerian Minister of Energy Salah Khebri urged Sonatrach Group to increase its output, claiming that the company was behind schedule and causing delays in wider operations in the country. Speaking during the appointme...
Algeria’s state energy firm Sonatrach has begun a restructuring aimed at saving money and coping with the dramatic slide in global oil prices, an internal document seen by Reuters shows, Al Arabia reported. The measur...
Sonatrach CEO Amine Mazouzi said in Oran the group’s medium-term development program (2015-2019) aims to strengthen the position of Algeria on the international energy and gas markets and meet the needs of the i...
EGAS is in negotiations with the Algeria’s Sonatrach, to import LNG shipments starting from next year, reported Al Markazy. According to unnamed sources at EGAS, the deal includes 6 shipments, each amounting to ...
The Egyptian government is continuing its efforts to lock in foreign LNG volumes, and has signed a deal with trading house Trafigura for 33 cargoes. The agreement, unveiled in a government statement on Thursday, forms...
Petroleum Minister Sherif Ismail announced Tuesday an initial agreement has been made with Russia’s Gazprom to supply around 35 shipments of liquefied natural gas (LNG) over the next five years. He told Daily News Egy...
Anadarko Petroleum Corporation announced it has reached an agreement with Sonatrach to resolve the dispute regarding Sonatrach’s implementation of Algeria’s 2006 exceptional profits tax (TPE). The parties&...