Oil and gas

May 26, 2015


Amine Maazouzi takes office as Sonatrach’s new CEO

The new Chief Executive Officer of the national hydrocarbon company Sonatrach Amine Maazouzi took Monday office, following his appointment by President of the Republic Abdelaziz Bouteflika.

The handing over of office between Maazouzi and former interim CEO Said Sahnoun took place in the presence of Energy Minister Salah Kherbi.


Continue Reading >

May 26, 2015


Sellal urges Sonatrach to further invest in hydrocarbon exploration, exploitation

Prime Minister Abdelmalek Sellal on Monday has urged the national oil company to "further invest" in the exploration, the production and the development of hydrocarbons.

"Our potential is not sufficiently explored and exploited. We should exploit the new discoveries. It is possible and important. SONATRACH must further invest in the exploration, the production and the"...

Continue Reading >

May 25, 2015


Energy efficiency programme to generate $ 42 billion profit

The National programme of the development of energy efficiency is expected to generate $42 billion profit by 2030 by reducing by 9% the energy consumption, according to a communication from the Minister of Energy presented Sunday during the meeting of the Council of Ministers, chaired by President of the Republic Abdelaziz Bouteflika.

This presentation focused on updating"...

Continue Reading >

May 24, 2015


Algeria records trade deficit in Jan-April after oil price slump

OPEC member Algeria recorded a trade deficit of $4.3 billion for the first four months of 2015, reversing a $3.4 billion surplus a year earlier, due to lower energy earnings as global oil prices slumped, official data showed.

Oil and gas exports, which accounted for 93.5 percent of Algeria's total exports, declined 42.8 percent to $12.54 billion in the January-April period,"...

Continue Reading >

May 19, 2015


Hydrocarbon production exceeds forecast in first 4 months of 2015

Algeria’s hydrocarbon production in the first 4 months of 2015 exceeded the initial forecasts of the national hydrocarbon group SONATRACH by more than 2% and remained stable at the same level as that of the same period in 2014, said Monday, in Algiers, the company’s Interim Chief Executive Officer Said Sahnoun.

“We have produced, until the end of April,"...

Continue Reading >

May 9, 2015


Yousfi, Italian ambassador discuss energy cooperation consolidation

Minister of Energy Youcef Yousfi received Thursday at the headquarters of his ministry, Italian Ambassador to Algiers Michele Giacomelli, the ministry said in a statement.

The talks focused on strengthening cooperative relations between Algeria and Italy in the field of energy.

Both parties also discussed the cooperation in the field of renewable energy and energy efficiency, the statement said.


Continue Reading >

May 9, 2015


Egypt receives LNG shipment from Algeria’s Sonatrach

Egypt’s Ain Sokhna port received Friday a liquefied natural gas (LNG) shipment of 3 billion cubic meters (bcm) from Algeria’s Sonatrach, Petroleum Ministry said in a statement.

This is the third LNG shipment Egypt receives in 2015 after a 3.2-bcm shipment in April and another of 3 bcm from Nobel Clean on May 3.


Continue Reading >

May 7, 2015


UAE hosts the 1st “Shell Technology Leadership Event” in the region

The first Shell Technology Leadership Event (STLE) kicked off in the UAE this morning, marking the brand’s first technology event in the Middle East, Central Asia and Pakistan (MECASTAN) region. The two-day event is being held on the 7th and 8th of May at Dubai’s Mina A’Salam Hotel, bringing together leading industry experts to discuss the “Future of Energy Supply” in the region and showcase energy efficient models as well as innovative ways of implementing alternative and renewable power solutions.


Continue Reading >

May 5, 2015


Algeria's Shale Gas Experiment

This article was originally published by the Carnegie Middle East Center on 23 April 2015.

Algeria took the lead on shale gas exploration in the Arab world, hoping that the successful exploitation of its substantial resource potential would reverse a decline in domestic natural gas production and safeguard the Algerian economy.

Oil and"......

Continue Reading >

April 29, 2015


Algeria, Venezuela would target US market with blended crude oil: source

Algeria's Sonatrach and Venezuela's PDVSA would target the US as a market for the two countries' potential new blend of crude oil, a source at the state-owned Algeria company said Monday, as the two state-controlled companies continue talks on forming a joint venture for blending and marketing their crudes.

The source said talks have been ongoing for several months between Algiers and Caracas on the venture.

The head of Sonatrach, Said Sahnoun, said in February the companies were working on the blending initiative,"...

Continue Reading >