Oil and gas

October 30, 2014


SONATRACH to carry out first offshore drilling end 2015

The national hydrocarbon group SONATRACH will carry out first offshore drilling by the end of 2015, announced Wednesday its interim CEO, Said Sahnoun, at the signing ceremony of contracts of the 4th invitations to tender for hydrocarbon explorations.

SONATRACH, which stepped up its exploration operations, "intends to drill its first offshore well by the end of 2015," said"...

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October 30, 2014


Algeria to hold oil and gas auction within weeks - official

Algeria is preparing a new auction of oil and gas blocks, an official said on Wednesday, after the North African country awarded just four of 31 fields last month in the first attempt to lure foreign investors since 2011.

Algerian officials described last month's result as acceptable but analysts said the OPEC member needed to do more to improve conditions and attract more"...

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October 29, 2014


Algeria Bucks OPEC Discounts as Crude Goes to Venezuela

Algeria raised its oil price for November to the highest in five months after adding Venezuela, fellow OPEC member and holder of the world’s largest crude reserves, to the list of its mostly European customers.

The North African country will sell its Saharan Blend crude at a premium of 70 cents a barrel to"...

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October 28, 2014


Algeria plans to develop LNG as marine fuel

Algeria plans to embark on the development of LNG as marine fuel for ships.

This project has been examined during an International seminar on Development of LNG as marine fuel held Monday in Algiers by the company of the distribution and marketing of petroleum and derivatives (NAFTAL) to present the opportunities for development of this sector in Algeria.


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October 26, 2014


Renewable energies: Over 100 exhibitors at 5th ERA Exhibition

More than 100 national and foreign exhibitors are expected at the 5th Renewable Energies, Clean Energies and Sustainable Development Exhibition (ERA 2014) which will kick off Monday at Mohamed Ben Ahmed Convention Centre of Oran, said Sunday the exhibition’s commissioner.

Germany, China, Cyprus, the United Arab Emirates, France, Italy, Poland and Czech will"...

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October 25, 2014


Cyprus seeks to profit from Algeria’s gas experience

Cyprus seeks to profit from Algeria’s experience in the field of energy, notably gas, said Thursday in Algiers Cypriot Foreign Ministry Ioannis Kasoulides.

During a meeting with Energy Minister, Youcef Yousfi, Kasoulides expressed his country’s wish to profit from the Algerian experience in the gas industry, the ministry said in a communiqué.


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October 25, 2014


Over 1 billion barrels of oil produced by Sonatrach, partners as part of Berkine consortium

The National hydrocarbon company Sonatrach and its partners Anadarko, Eni and Maerks reached the threshold of one billion barrels of oil produced as part of the Berkine consortium, said the company.

The Berkine consortium, an operator established as part of the Association agreement of 1989, exceeded the threshold of one billion barrels of oil produced, from “HBNS"...

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October 15, 2014


Oil tax revenues slide in 1H of 2014

The revenues from oil taxes stood at 1,870 billion DA, equaling $23.5 billion during the first half of 2014, sliding 10% in comparison with the same period of 2013 (DZD2,086 billion), according to a report of Finance Ministry.

Out of this amount collected during the 1st half of the year, DZD 1,577.7 billion was disbursed to the State budget in compliance with the Finance"...

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October 14, 2014


Hydrocarbon exploration: First offshore drilling by end 2015

The first offshore drilling in Algeria is scheduled "by the end of 2015," announced Monday in Oran the interim CEO of the national hydrocarbon group, Said Sahnoune.

"Nous intend to carry out our first offshore drilling during the fourth quarter of 2015," Sahnoune told APS on the sidelines of the International Conference on Gas Industry in Algeria, which wrapped up Monday"...

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