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Algeria Overview

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TotalEnergies teams up with Sonatrach in Timimoun
NEWS
Algeria - April 09, 2024

TotalEnergies and Sonatrach have signed an MoU for the development of gas resources in Algeria's Timimoun region.

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Africa Energy Bank on track for $5-billion launch this year
NEWS
Multinational - March 27, 2024

The Africa Energy Bank, a fund created to address gaps in oil and gas project finance in Africa, is on track to begin operations…

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Algeria announces winners of solar auctions totalling 3 GW
NEWS
Algeria - March 25, 2024

The government of Algeria has unveiled the winners of two solar PV tenders totalling 3 GW.

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OPEC+ members extend voluntary output cuts to Q2 2024
NEWS
Multinational - March 04, 2024

Several OPEC+ members have extended voluntary oil production cuts of 2.2 million bpd into Q2 2024.

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Saudi Arabia sets oil and gas production limits
NEWS
Saudi Arabia - January 30, 2024

Saudi Aramco has received orders from the government to set its maximum sustainable capacity to 12 million bpd.

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Energy watchdogs see increased oil demand in 2024
NEWS
Multinational - January 18, 2024

Both OPEC and the International Energy Agency (IEA) have forecast a rise in global oil consumption in 2024, Reuters reported on Thursday.

The IEA has raised its…

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Algeria to issue local debt
NEWS
Algeria - March 03, 2016

Hit by the fall in oil prices, Algeria will seek to issue local currency debt for its financing needs, state press agency APS reported Prime Minister Abdelmalek Sellal…

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BP kicks off In Salah project in Algeria
NEWS
Algeria - February 16, 2016

The Southern Fields project on the giant In Salah venture in Algeria has been green lit, UK super-major BP announced today in a press release.

The project is the…

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Interview
Saudi Arabia - January 6, 2016

Raed Al Rayes, deputy chief executive and general manager of the Arab Petroleum Investments Corporation (APICORP), discusses investments for oil and gas industry…

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Indonesia looks downstream for way out
NEWS
Indonesia - November 05, 2015

Indonesia’s Pertmina plans to refine more of its domestic oil output, the state-owned integrated energy company said on Thursday. The move is seen as a part of an…

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Interview
Qatar - September 24, 2015

Gas Exporting Countries Forum (GECF) Secretary-General Seyed Mohammad Hossein Adeli discusses the shifting landscape of global natural gas markets and the impact on…

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ENOC secures Dragon Oil takeover
NEWS
Abu Dhabi - August 21, 2015

The Emirates National Oil Company (ENOC) has moved into the final stage of acquiring full ownership of Dragon Oil. ENOC has gained approval to purchase at least 90.1…

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Sinopec to drill 24 wells in Algeria
NEWS
Algeria - April 27, 2015

China’s Sinopec International Petroleum Service has gained a contract to drill development wells at the Ain Tsila gas and condensate field, onshore Algeria.

The…

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