Tag: SONATRACH

Sonatrach to Invest $2 billion in Algeria’s Largest Gas Field

November 9, 2017

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

March 15, 2017

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

February 6, 2017

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

November 30, 2016

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

August 19, 2016

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

August 1, 2016

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

July 13, 2016

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

March 22, 2016

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

February 3, 2016

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

January 12, 2015

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