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Ailing Bouteflka to officially run for fifth term

The ruling FLN party has ended suspense by naming President Bouteflika as its candidate for a fifth term in April 18 elections. The move comes after parties in the government coalition voiced support for a fifth term of the 81-year old president who has not spoken in public since suffering a stroke in 2013 that […]

Algeria: Council of Ministers approve shale exploration and exploitation

The nod has been given by Algeria’s Council of Ministers for works in relation with the development and exploitation of unconventional gas to continue.  The North African country once rich oil and natural gas reserves have been declining in recent years. The exploitation of shale gas is expected to complement the drop. Algeria has not […]

Libya: Sharara oil field will remain shut down until rebels leave, NOC Chief

The head of the Libyan National Oil Corporation (NOC) Tuesday said Sharara oil field, the country’s largest with a production capacity of 340,000 barrels per day, will remain shut down until rebels evacuate the oil facility they have been holding since December. “The armed group attempting to hold NOC and Libya’s economic recovery to ransom […]