Oil and gas

May 29, 2016


UAE solar may lead a trend for the Gulf?

As the Gulf states take steps to expand their use of clean energy, a bold plan by the United Arab Emirates to boost its use of renewable electricity from less than one per cent to 24 per cent in the next five years could be a game-changer for the region, experts say.

Much of the world is moving away from oil for its electricity generation, according to the International"...

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May 26, 2016


Algeria's Sonatrach opens bids on $1 bln compressor station deal

Algeria's state energy company Sonatrach launched on Wednesday a pre-qualification bidding round to choose firms that will build six compressor stations at an estimated total cost of $1 billion, according to a Sonatrach document.

The programme is part of a multi-billion dollar expansion of pipelines, compression and pumping stations to be built in the next four years to help the North African OPEC state pump more gas from new fields in the south.


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May 23, 2016


Renewable energy: 20 years electricity sale guaranty

ALGIERS-Companies producing electricity from renewable energy will benefit from the guarantee to sale their production over twenty years (20), Energy Minister Salah Khebri announced Sunday in Algiers during the Algeria-UK business forum.

Speaking at a workshop on renewable energies, held part of the forum, the minister stated that the Algerian regulations guarantee to companies producing electricity from renewable energies costs enabling them recover"...

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May 23, 2016


Crescent Petroleum, the British Council and Edraak Launch Series of Free Online English Courses for Arabic Speakers

The Gulf’s longest serving private oil and gas company, Crescent Petroleum, in partnership with the British Council and Edraak, the first nonprofit “Massive Open Online Course” (MOOC) platform, is launching a series of free online English courses for native Arabic speakers in May.

Backed by the Queen Rania Foundation (QRF), Edraak aims to bring world-class"...

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May 18, 2016


Algeria orders $40 mn LPG vessel from China

A subsidiary of Algerian state energy company Sonatrach has awarded two Chinese firms a $40 million deal to deliver a liquefied petroleum gas (LPG) carrier and an option to provide a second vessel.

Sonatrach's Hyproc Shipping Company chose Chinese consortium Jiangnan Shipyard and China Shipbuilding Trading Company Ltd for the provision of a carrier with a capacity of between 11,000 and 13,000 m3, a Sonatrach document seen by Reuters said.


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May 18, 2016


Jordanian Minister of Energy for strengthening cooperation relations with Algeria

Jordanian Minister of Energy Ibrahim Seif called Monday in Amman for the consolidation of cooperation relations with Algeria, notably in the energy sector.

In a statement to APS following his talks with Energy Minister Khebri, the minister said that "the Algerian minister visit aims at reinforcing the bilateral cooperation relations," calling for enlarging cooperation"...

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May 16, 2016


Algeria 'controls' economic situation despite fall in oil prices, says Sellal

Algeria is on the "right track" and "controls" the situation, despite the fall in oil prices in the in international market, said Sunday in Algiers Prime Minister Abdelmalek Sellal.

"We are on the right track and our policy is clear," Sellal affirmed on the sidelines of the 17th International Show of Tourism and Travel (SITEV).


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May 16, 2016


Algeria controls economic situation despite oil revenues drop: PM

The economic crisis hitting Algeria due to the shrink of oil revenues is under control, Prime Minister Abdelmalek Sellal said on Sunday.

"Algeria has been able to overcome the economic shock after the drop of oil prices in July 2014, as we have managed to safeguard national stability, and the country is doing well," the prime minister told reporters at the kick-off of the 17th International Tourism Fair of Algiers.


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May 14, 2016


Tanzania and Uganda to speed up oil pipeline project

Tanzania has agreed with Uganda to accelerate implementation of a crude oil pipeline project between the two east African nations and award the construction contract to multiple contractors.

The decision was reached during talks between Tanzanian President John Magufuli and his Ugandan counterpart, Yoweri Museveni, in Kampala on Thursday, Magufuli's office said in a statement on Thursday.

Uganda said in April it would build a pipeline for its oil through"...

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May 11, 2016


ees Europe: Energy Storage System Triggers Paradigm Change in the Energy Sector

ees Europe, Europe's largest exhibition for batteries and energy storage systems, sends a positive signal to the market: The exhibition space was already booked up by 200 exhibitors two months before the start of the exhibition– a sure sign of the development in the worldwide energy storage market which is driving the global energy revolution. ees Europe will be held once again in Munich from 22 to 24 June 2016 together with Intersolar Europe the world’s leading exhibition for the solar industry and its partners."...

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