Oil and gas

October 25, 2014


Cyprus seeks to profit from Algeria’s gas experience

Cyprus seeks to profit from Algeria’s experience in the field of energy, notably gas, said Thursday in Algiers Cypriot Foreign Ministry Ioannis Kasoulides.

During a meeting with Energy Minister, Youcef Yousfi, Kasoulides expressed his country’s wish to profit from the Algerian experience in the gas industry, the ministry said in a communiqué.


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October 25, 2014


Over 1 billion barrels of oil produced by Sonatrach, partners as part of Berkine consortium

The National hydrocarbon company Sonatrach and its partners Anadarko, Eni and Maerks reached the threshold of one billion barrels of oil produced as part of the Berkine consortium, said the company.

The Berkine consortium, an operator established as part of the Association agreement of 1989, exceeded the threshold of one billion barrels of oil produced, from “HBNS"...

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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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