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Algeria: Sonatrach reveals $90 billion investment, Shale gas production set for 2022

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 […]

Global semiconductor leader STMicroelectronics inaugurates new production line in Bouskoura

The global semiconductor leader, STMicroelectronics, inaugurated earlier this week its new electronic component production line in Bouskoura, with an investment of 2.4 billion dirhams ($244 million). In a global context marked by the shortage of electronic components for electric cars, STMicroelectronics inaugurated its new production line for advanced electronic components at its Bouskoura site. The […]

Algeria: Who benefits from Tebboune’s absence? Chengriha or his successor?

With lots of speculation and little information on the whereabouts of President Abdelmajid Tebboune, his mysterious lengthy absence starts raising serious questions about possible political manoeuvres taking place behind the scenes of the opaque military-intelligence regime. In an attempt to reassure both Algerian and international public opinion, Tebboune’s ministers are trying hard to keep up […]