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Tag: SONATRACH
Sonatrach to Invest $2 billion in Algeria’s Largest Gas Field
Algeria’s state-run energy producer, Sonatrach, will inject about $2 billion to maintain production on the country's largest gas field, local media reported. This field produces ... Read More
Time, Money Running out for Algeria- Stratfor Warns
International think tanks and risk consultancies continue to draw bleak prospects for Algeria whose finances have been severely battered by low energy prices coupled with ... Read More
Power Struggle Impedes Economic Reforms in Algeria
Regime opacity and the secrecy shrouding the successor to ailing President Abdelaziz Bouteflika have been hampering Algeria from carrying out economic reforms to wean their ... Read More
Algeria Secures Italian Supply Deal as Foreign Exchange Reserves Dwindle
Algeria which has suffered a sharp decrease in oil revenues is seeking desperately to fill in its coffers with an Italian supply deal. The country’s ... Read More
EU Hopes for a Regime Change in Algeria
EU officials are looking to Algeria as a partner that can help Europe reduce dependency on Russian gas and better manage migration flows in the ... Read More
Italy’s ENI to Stand Trial in Algerian Corruption Case
An Italian judge ordered Italian oil major Eni, oil services group Saipem and former Eni CEO Paolo Scaroni to stand trial in a long-running case ... Read More
Total Challenges Algeria in International Court of Arbitration
French oil company Total has taken its dispute with Algerian authorities to the International Court of Arbitration, via the International Chamber of Commerce in Geneva. ... Read More
Algeria: Statoil & BP Pulling out Staff after Gas Plant attacks
British Oil Company BP and Norwegian Statoil announced Monday they would withdraw their staff from two Algerian gas plants after terrorists fired rockets at the ... Read More
Algeria Jails 6, Fines Foreign Firms in Corruption Case
An Algerian court on Tuesday handed prison sentences to six people, ranging from 18 month suspended sentence to 6 years in prison plus fines, in ... Read More
Algeria to Invest $ 70 Billion Shale Gas
Algerian state-owned company "Sonatrach" is planning to invest at least $70 billion over the next 20 years for the exploitation of shale gas in the ... Read More