Oil and gas

December 15, 2014


Oil price drop won't affect next five-year plan's housing projects

The fall in oil prices "will have no negative impact on the execution of housing programmes for the next five-year plan," Minister of Housing, Urban Planning Abdelmadjid Tebboune said Sunday.

"No a single square meter of the housing programme, as part of the five-year plan 2015-2019, will be affected by the current oil market fluctuations," the minister said at a meeting"...

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December 15, 2014


IKON Group Held Seminar in Collaboration with the Oman Chamber of Commerce

IKON Group in collaboration with the Oman Chamber of Commerce held a seminar on Investment opportunities in Metals and Oil Commodities, as well as Currency Trading. Presiding over the event was Chairman for the Chamber of Commerce and Industry, Sheikh Abdullah Salem Al-Rawas.

Naser Taher, CEO and President of IKON Group, proclaim, “It was IKON Group's great honor to acknowledge the Chamber of Commerce’s vigilant efforts in regards"......

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December 13, 2014


Drop in oil prices: Sonatrach maintains its investments, says Sahnoun

Sonatrach group decided to maintain its investments and its development plan for the year 2015, despite the drop in oil prices, said Thursday in London, the company’s Chief Executive Director by interim Said Sahnoun.

In a reply to APS, on the sidelines of his participation in the Algerian-British forum on investment opportunities in Algeria, about the impact"...

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December 13, 2014


Shale gas: Drilling of Ahnet pilot well completed

The operations of shale gas drilling and compression conducted in the Ahnet pilot well located in In Salah, 1300 km south of Algiers were completed this week, Sonatrach’s Interim CEO Said Sahnoun told APS Thursday.

''We have completed this week the drilling and the compression, and we are going to test this pilot well in order to verify some aspects that determine"...

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December 11, 2014


Saudi Aramco and ExxonMobil Joint Venture Completes Clean Fuels Project

  • New hydrotreater dramatically reduces sulfur levels in gasoline and diesel
  • Joint venture celebrates 30 years of joint refining operations, boosting economy and building stronger community
  • Refinery an industry leader in reducing emissions

Saudi Aramco Mobil Refinery Company Limited (SAMREF), a joint venture of Saudi Aramco and ExxonMobil,"...

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December 10, 2014


Algerian Government’s emergency response to the collapse of oil prices

Algerian Prime Minister, Abdelmalek Sellal, summoned on Sunday several ministers in charge of the economy file including finance Minister, Mohamed Djellab, for a joint ministerial council to examine how best to cushion the adverse impact that the sliding oil prices on the world market could have on the national economy.

Government sources told Echorouk that"...

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December 9, 2014


Shale gas, not a threat to environment in Algeria, says Sonatrach senior official

The exploitation of shale gas doesn't represent a threat to the environment in Algeria, declared Monday a senior official at Sonatrach, mentioning some assets specific to the regions and the nature of the rocks to be fractured.

Speaking during the 9th North Africa Oil and Gas Summit being held on 7-9 December in Algiers, Sonatrach vice-president for upstream activities Mahieddine Touami, said that the warnings expressed on the shale gas impact on the environment are "exaggerated."


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December 8, 2014


Six petrochemical complexes to be built by 2020

Six (6) petrochemical complex will be built by Sonatrach in 2020, as part of the revival of the processing industry in Algeria, the planning director at the national oil company Sonatrach, Lamine Ouis announced Sunday.

These complexes are the complex of mixed ethane cracking, LPG, naphtha, methanol and its derivatives as well as the production of anhydrides, Ouis said"...

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December 8, 2014


Sonatrach: Commercial exploitation of Algerian shale gas as from 2022

The commercial exploitation of the Algerian shale gas is planned for 2022 with a production averaging 20 billion m3, CEO of Group Sonatrach, Saïd Sahnoun declared Sunday in Algiers.

"We expect to enter the pilot phase of the unconventional resources exploitation in 2019 with the perspective to start production in 2022," Sahnoun said in his speech at the 9th North"...

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December 6, 2014


Egypt to import 6 LNG cargoes from Algeria

Egypt will import six cargoes of liquefied natural gas from Algeria between April and September next year, the oil ministry said on Thursday, helping to ease an energy crunch that has plunged the country into repeated blackouts this year.

The contract would be signed in Algeria at the end of the month, the ministry said in a statement. It gave no details about the size of the cargoes or the price agreed.

Egypt had initially agreed to import five LNG cargoes from Algeria this year but it was not clear if the supplies ever arrived as the Arab world's most populous country lacks...

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