Oil and gas

March 28, 2015


Energy partnership: Signing of Algerian-German of declaration of intent in Berlin

A joint Algerian-German declaration of intent for an energy partnership was signed Thursday, in Berlin, by Minister of Energy Youcef Yousfi and the Vice-Chancellor of Germany, Minister for Economic Affairs and Energy Sigmar Gabriel, said the ministry of Energy in a communiqué.

Signed on the sidelines of the International conference on energy transition, this"...

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March 25, 2015


Youcef Yousfi to partake in Berlin Energy Transition Dialogue 2015

Minister of Energy Youcef Yousfi will participate in a conference on energy transition around the world in Berlin, Germany, on Thursday and Friday, said Tuesday a Ministry's communiqué.

The conference will bring together energy ministers, energy policy experts, representatives of politics, industry, leading academics from around the world and civil society.


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March 24, 2015


Yousfi: “Algeria’s exploitation of shale gas expected between 2020 and 2025”

Algerian Energy Minister, Youcef Yousfi, said that the projected exploitation of shale gas by Algeria is foreseen within the upcoming period of between 2020 and 2025, adding that the goal now is focused on the development of the gas fields in order to ensure the future continuity of the supply of this non-conventional gas and energy in general.

Speaking in"...

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March 23, 2015


Water Resources Minister, Hocine Necib to Echorouk: 'No shale gas exploration without guarantees'

Principle of preservation of water resources in the exploration is the same, either in traditional wells or in shale gas wells, and there are obligatory measures to protect the water and environmental safety procedures, and they must be followed by Sonatrach or other companies, Water Resources Minister, Hocine Necib, said.

"Government's agenda does not contain"...

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March 23, 2015


Energy: Algerian companies must enhance competitiveness

Minister of Energy Youcef Yousfi, on Sunday in Algiers urged the Algerian companies to improve their competitiveness in order to further contribute to implementing the various development programs initiated by the sector, over the next five years.

While presenting the energy sector development programs to the employers' organizations and the Algerian companies, Yousfi"...

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March 21, 2015


Bouteflika: Shale gas exploration in compliance with population’s interests, ecology

The exploration operations of Algeria’s shale gas were conducted in accordance with the interests of citizens, ecology and geological integrity of the regions concerned, President of Abdelaziz Bouteflika affirmed Thursday.

"Keeping, permanently, in mind that nobody has the right and the possibility to act in any way that may undermine the interests of citizens,"...

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March 19, 2015


Algeria Begins Global Talks To Rally Oil Prices

Algerian President Abdelaziz Bouteflika’s government has begun a series of talks with oil producing countries, whether they’re members of OPEC or not, to find ways to reverse the nearly 9-month-old plunge in crude prices. But Algeria’s approach may conflict with OPEC’s own pricing strategy.


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March 17, 2015


Oil price drop: Yousfi, Angola and Nigeria representatives assess situation

Energy Minister Youcef Yousfi on Monday here met with Angolan Petroleum Minister Jose Maria Botelho de Vasconcelos, and Nigeria ambassador to Algeria Haruna Ginsau with a view to assess the situation oil market marked by sliding crude prices.

This meeting "is part of President Abdelaziz Bouteflika’s initiative aiming at strengthening dialogue and consultation"...

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March 17, 2015


Algerian oil prices gain up USD 10 in February, says OPEC

The Algerian average oil prices, the Sahara Blend, recorded an increase of more than 10 dollars to hit 58.18 dollars a barrel, said the Organization of Petroleum Exporting Countries (OPEC) in its monthly report published Monday.

The average price of a barrel of Sahara Blend increased from 47.91 dollars per barrel in January to 58.18 dollars per barrel in February, i.e."...

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March 16, 2015


Angolan Petroleum minister on working visit to Algeria

Angolan Petroleum Minister Jose Maria Botelho de Vasconcelos will pay a working visit to Algeria, on Sunday and Monday, said the Ministry of Energy in a communiqué.

During his two-day visit, Botelho de Vasconcelos will discuss with Energy Minister Youcef Yousfi "the current situation in the world oil market, as well as cooperation between the two countries in"...

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