First Independent Mena Newspaper
Algerian Customs officers and borders agents have discovered lately radioactive waste in three containers shipped from China to Algiers port. According to Algerian local press, the tests carried out on the suspected hazardous merchandise and material found in the containers were indeed radioactive stones and rocks. The containers were imported by an Algerian businessman. Investigators […]
Oil minister Al Arusi has announced that they will be joining the campaign against the sensitive fuel market reforms and will also be scrubbing off oil subsidies, which take more than 10% of the budget, before the end of 2016. The decision to remove fuel subsidies on all types of fuel is blamed on smuggling […]
Energy and Mining Minister Youcef Yousfi has said that the government will be dedicating more than $1,264 billion to its renewable energies program by 2030. The billion dollar investment is aimed at deriving more than 30% of the country’s energy consumption from renewable energies and to overcome the power outages which occur mostly during summer. […]
State-owned Sonatrach and Anadarko Petroleum Corporation have finally started production at the El Merk oil complex located in the Sahara desert of Algerian territory. The beginning of production at the $4,5 billion is a sign of relieve for the country’s hydrocarbon sector which was marred by a brutal hostage scenario at the beginning of the […]
Japan will build Turkey’s second nuclear power plant to be located in the Sinop province, northern Turkey, on the Black Sea. The contract worth $22 billion was signed last week in Ankara by the two countries’ Prime Ministers Recep Tayyip Erdogan and Shinzo Abe. The plant to have four reactors with a combined capacity of […]
Algiers has made it intentions known to Cairo that deals involving natural gas could only be discussed in 2014, due to the need to develop production from new fields first. According to Egypt’s oil minister Osama Kamal, Algeria doesn’t have “enough quantities to be exported to Egypt.” Algeria’s decision was prompted by the fact that […]
Two senior officials in the Libyan oil ministry have claimed that Libya could be exporting $1,2 billion worth of crude oil at world prices, but on interest-free credit for a year to Egypt, in order to save the country from fuel shortages with the government finding it difficult to honor energy importation dues. These importations […]
A Chinese delegation composed of investors and businessmen is currently on a visit to Egypt to seek new ventures. The delegation paid a visit to the industrial and investment area in Giza’s Abu Rawash. Giza is considered to be a valuable zone for business. The delegation was accompanied by the Chinese ambassador to Egypt Song […]
The first phase of the drilling campaign of Hassi Bir Rekaiz perimeter, carried out by the National hydrocarbon company Sonatrach in partnership with Thai company PTTEP and Chinese CNOOC, resulted in oil discovery in three wells, in a statement released by Sonatrach. Nine wells were drilled by the three companies at the Hassi Bir Rekaiz […]
Eight oil and gas exploration projects have been awarded by Egypt to several companies in a statement released from the ministry of petroleum. The decision followed the reception of 13 offers after an international call for tender concerning prospective acreage. Among the companies are British Petroleum (BP), International Egyptian Oil Company (IEOC), a subsidiary of […]