Algeria is not benefiting from the sharp rise in international gas prices triggered by the conflict in the Gulf, as the country continues to sell most of its natural gas under long‑term supply contracts rather than on the spot market. While spot LNG benchmarks in Asia and Europe have soared to crisis levels, Algeria’s gas […]
Chief Executive Officer of state-owned Sonatrach, Said Sahnoun, asserted that their five-year investment plan will go ahead despite plummeting oil prices. Addressing the ninth North Africa Oil & Gas Summit held in Algiers, he also said that the exploitation of shale oil for production is scheduled for 2022. Analysts believe that the global slumping of […]
multinational aerospace and transportation company Bombardier said it will set up a rail factory in Morocco worth €60 million with a potential to employ 2000 people by 2020. The announcement was made by head of Bombardier activities in Morocco Taoufiq Boussaid, who was speaking at the Rail Industry Summit in Casablanca. He said that Bombardier […]
