Oil and gas

July 27, 2014


Algerian energy company Sonatrach replaces CEO

Algeria’s state energy company Sonatrach has replaced its chief Abdelhamid Zerguine with vice president for production Said Sahnoun, a senior Sonatrach source said.

The source gave no details, but Sonatrach is under pressure to increase stagnating energy output in the North African OPEC oil producer, which is also a major supplier of gas to European markets.

Zerguine, a former Sonatrach vice president for pipelines and head of a Sonatrach unit in Switzerland, was appointed chief of the company in November 2011.

Later this year, Algeria will hold a new energy bidding...

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July 24, 2014


Egypt Seeks to Clinch LNG Deal With Algeria, But Will Pay High Price

Egypt is set for an expensive price tag as it seeks to clinch a deal to import much-needed liquefied natural gas from Algeria, according to people familiar with talks between the two countries.

Late last month gas-rich Algeria agreed in principle to supply Egypt with roughly five cargoes containing 145,000 cubic meters of LNG each before the end of the year.


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July 20, 2014


Algeria to produce 30 bln cubic meters shale gas by 2020

Algerian state energy giant Sonatrach said on Saturday it plans to produce as much as 30 billion cubic meters of shale gas annually by 2020, official APS news agency reported.

The report, quoting a source with the firm, said the group has already confirmed the decision of future output expansion in early July.


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July 20, 2014


Shale gas: SONATRACH to start production by 2020

The national hydrocarbon group SONATRACH intends to start the exploitation of the large shale gas fields in Algeria as from 2020, with a production capacity of 30 billion cubic metres in the first stage, a source from the oil group told APS Saturday.

"The tests carried out showed that the outputs are comparable to those obtained in the US shale gas fields producing commercial"...

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July 17, 2014


Tanzania to partner with Algeria in oil and gas joint venture

APS said the joint venture between Tanzania’s electricity supply company Tanesco and Algeria’s electricity and gas company Sonelgaz is expected to be operational “within a few months”.

According to APS, Algerian energy minister Youcef Yousfi said two initial joint projects between the countries relating to gas distribution and oil well drilling and production “are now at an advanced stage”.


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July 16, 2014


Bejaia, Oran chosen as offshore oil exploration areas

The national hydrocarbon group SONATRACH intends to carry out its first offshore drillings in the coastal provinces of Oran (432-km west of Algiers) and Bejaia (265-km east of Algiers), chosen as offshore exploration areas after the seismic surveys on their territorial waters, a source from the group told APS.

These two provinces have been chosen for the offshore exploration"...

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July 15, 2014


Italy’s ENI energy group comes back to Algeria

Italy’s Eni energy group has been granted three new prospection permits by Sonatrach in Algeria. The initiative strengthens the already excellent relations between Eni and Sonatrach and Eni's strong presence in the country.

Eni has been granted three prospection permits by Sonatrach, the Algerian state company. The permits authorize Eni, as operator,"...

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July 12, 2014


Algeria Q1 hydrocarbon output up 13.5 pct

Algeria's hydrocarbon output increased by 13.5 percent in the first quarter of 2014 after a 10 percent decline in the same period a year earlier, official figures showed, as new projects came onstream.

Increasing energy production is vital for the North African OPEC country. Oil and gas account for about 97 percent of its exports, and the government relies on energy revenue to finance economic development and projects aimed at soothing social tensions.


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July 9, 2014


Algeria, Tanzania eye future energy work

Algeria and Tanzania are in the advanced stage of talks regarding three separate energy projects, Algerian Energy Minister Youcef Yousfi said.

Yousfi met in Algiers with his Tanzanian counterpart to discuss bilateral energy issues.

"Three projects, which had been under discussion between the two countries, are now in an advanced stage and will be carried out in the"...

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July 9, 2014


Algerian gas field deal is completed

PETROCELTIC, the oil and gas firm that acquired Edinburgh-based Melrose Resources in 2012, has completed the $180m (£105m) farm out of a stake in a key Algerian asset to the country's national oil company.

Dublin-based Petroceltic said the ratification of the deal, in which Sonatrach increased its interest in the Ain Tsila gas asset to 43.75 per cent from 25 per cent,"...

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