Oil and gas

March 23, 2017


Boutarfa calls to facilitate creation of Mediterranean energy market

The minister of Energy Noureddine Boutarfa called Wednesday, in Algiers, to facilitate the creation of a Mediterranean energy market and to develop an “integrated, safe and lasting” regional power transmission network, said the ministry in a communiqué.

In an audience granted to the Secretary General of the Association of the Mediterranean Transmission System Operators (Med-TSO) Angelo Ferrante, Boutarfa called to increase efforts"...

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March 22, 2017


NAPEC 2017 opens in Oran

The 7th North Africa Petroleum Exhibition and Conference (NAPEC 2017) opened Tuesday, at the Oran Conventions Centre.

The event’s opening ceremony took place in the presence of the representative of Prime Minister Abdelmalek Sellal, the Wali (Governor) of Oran Abdelghani Zaalane and officials of companies of the sector

This meeting, organized from 21 to 24 March,"...

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March 22, 2017


Partnership, strategic focus to develop hydrocarbon, mining

Partnership with foreign companies constitutes a 'strategic focus' to develop hydrocarbon and mining industries in Algeria, the chairman of the National Agency for Hydrocarbon Resources Development (ALNAFT), Sid Ali Betata, said Tuesday.

In an address at the opening of the seventh North Africa Petroleum Exhibition and Conference (NAPEC), in Oran (432-km west of Algiers), Betata said that 'partnership with international companies is the appropriate"...

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March 21, 2017


Abdelmoumen Ould Kaddour new CEO of Sonatrach

Minister of Energy Noureddine Boutarfa on Monday chaired a Sonatrach Borad of Directors' meeting and installed Abdelmoumen Ould Kaddour as chief executive officer of the national oil group in replacement of Amine Mazouzi, the ministry of Energy said in a statement.

The minister of Energy called the new CEO of Sonatrach 'to act responsibly and with full confidence to make quality changes allowing Sonatrach to evolve and flourish in a good business"...

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March 16, 2017


Oil Production: Angola Retains Continental Top Spot

Angola continued as Africa’s number one oil producer in February, beating Nigeria to the second spot, according to the Organisation of Petroleum Exporting Countries (OPEC) monthly report on the oil market. After having remained below Nigeria in 2015, with 1.753 million barrels per day, against 1.861 million barrels per day, from 2016 it remained consistently the leading oil producing country in the African continent. According to the document that reached Angop on Wednesday, the country closed the year 2016 with a production of 1.73 million barrels per day against 1.577 million barrels per...

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March 15, 2017


Algeria expects gas exports to surpass 57 bcm target in 2017 - Sonatrach source

Algeria expects to surpass its gas export target of 57 billion cubic metres (bcm) in 2017 as a new pipeline comes online in May bringing an additional 4 bcm, a Sonatrach source told Reuters on Tuesday.

'The Rhourde Ennous-Hassi Rmel pipeline will be operational in May and it will allow export of an additional 4 bcm per year,' the source said, asking that their"...

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March 13, 2017


Boutarfa at 15th Global Forum on Sustainable Development Monday in Paris

The 15th Global Forum on Sustainable Development will be held Monday in Paris in the presence of Minister of Energy Noureddine Boutarfa, said Sunday the ministry in a communiqué.

During this forum which will be held under the theme “The Mediterranean and regional perimeters,” the participants will broach the issue of energy in the Mediterranean region as well as the issue of development according to two complementary angles of"...

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March 12, 2017


Energy Crisis: Nigerian Senate to Amend Laws

The President of the Senate Dr. Bukola Saraki has said that the National Assembly will address the issue of power generation, transmission and distribution through a review of existing laws in order to resolve Nigeria’s energy crisis.

Speaking in Germany he said that the amendment would be in a view to replicate the feat recorded by the German Village, Feldheim, where residents combined efforts and local resources to produce clean and renewable"...

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March 11, 2017


Nigeria Woos Oil and Gas Investors with Planned Tariff Reduction

Nigeria’s Oil & Gas Free Zones Authority, OGFZA, has stepped up efforts to attract investment into the sector by announcing plans to grant tariff cuts.

The managing director of OGFZA, Okon Umana, who disclosed this recently, said the process to bring a downward review of tariffs paid by investors in the oil and gas zones in the country has since begun.

The session became"...

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March 11, 2017


Boutarfa examines renewable energy investment with Spanish Foreign Minister

Minister of Energy Noureddine Boutarfa broach Wednesday, in Algiers, with the Spanish minister of Foreign Affairs and International Cooperation Alfonso Dastis Quecedo the business and investment opportunities between the two countries in the field of energy, particularly in renewable energy, said the ministry in a communiqué.

Boutarfa reaffirmed Algeria’s willingness to diversify its resources while developing its industry, inviting"...

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