Oil and gas

October 15, 2014


Oil tax revenues slide in 1H of 2014

The revenues from oil taxes stood at 1,870 billion DA, equaling $23.5 billion during the first half of 2014, sliding 10% in comparison with the same period of 2013 (DZD2,086 billion), according to a report of Finance Ministry.

Out of this amount collected during the 1st half of the year, DZD 1,577.7 billion was disbursed to the State budget in compliance with the Finance"...

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October 14, 2014


Hydrocarbon exploration: First offshore drilling by end 2015

The first offshore drilling in Algeria is scheduled "by the end of 2015," announced Monday in Oran the interim CEO of the national hydrocarbon group, Said Sahnoune.

"Nous intend to carry out our first offshore drilling during the fourth quarter of 2015," Sahnoune told APS on the sidelines of the International Conference on Gas Industry in Algeria, which wrapped up Monday"...

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