Algeria Pens Gas Supply Deals with Spain, Italy
Algerian state-owned firm Sonatrach has signed gas supply deals with Spain and Italy’s Eni.
Algerian state-owned firm Sonatrach has signed gas supply deals with Spain and Italy’s Eni.
Algeria's Sonatrach has changed its senior leadership personnel in a bid to retain skilled workers within the state-run firm.
Spain’s Gas Natural Fenosa has signed an agreement with Algeria’s Sonatrach that will extend their gas purchase contracts until 2030.
Total has signed a concession agreement with Algerian state-owned Sonatrach, Repsol, and Alnaft for a 25-year licence extension for the Tin Fouye Tabankort (TFT) gas and condensate field.
Algerian national oil company Sonatrach attended a meeting held by Russian oil transportation company Transneft Diascan to discuss improvements to Algeria’s oil infrastructure.
Algerian state-run energy company Sonatrach is making acquisitions to increase its petrochemicals business with the view of reducing the north African country's fuel imports and boosting revenue.
Total, Algerian state-owned Sonatrach, and Cespa have started production from the Timimoun natural gas project in Wilaya de Adrar in southwestern Algeria.
Anadarko, Total, Eni, and Statoil are interested in joining the Algerian state oil company Sonatrach to develop offshore drilling in the North African country.
Algeria plans to pass a new energy law that offers tax incentives to attract investment and is in discussion with foreign firms such as BP and Anadarko regarding its shale gas reserves.
About 11.5 million tons of fuel are currently refined in Algeria; however, annual consumption reached 15 million tons in 2017.