First Independent Mena Newspaper
Companies from the two sides of the Mediterranean have agreed to pen a deal valid for almost two decades. Spain’s Gas Natural Fenosa was a signatory to the deal with Algeria’s Sonatrach for 800mn m³/year of gas for a period of 18 years and for a 10% stake in the 8bn m³/yr in the Medgaz […]
Turkey’s Energy and Natural Resources Minister Taner Yildiz accompanied with a delegation is on a working visit to Algeria and was welcomed by Prime Minister Abdelmakek Sellal on his arrival. Issues discussed between the two counterparts ranged from economic cooperation and commercial ties. On the agenda of the Turkish minister also includes ways of opening […]
ADX energy has made it public that Alpine oil and gas (it’s wholly owned subsidiary), has concluded a definitive deal with Rift Basin International. The agreement between the two signatories will allow ADX to farm out a further 15% participating interest in its Chorbane exploration permit, onshore Tunisia, to Rift Basin International. According to the […]
The desire to channel natural gas to European countries from Algeria has suffered another setback because the date of the rendezvous between parties to make a decision concerning the viability of the project is still being clouded with ambiguity following another delay. The project is a prospect of natural gas from Algeria being piped via […]
ConocoPhilips has announced the sale of its subsidiary in the North African country of Algeria in a deal worth more than a billion dollar. According to the announcement from the company, it has agreed to sell its Algerian business unit for a total of US $1.75 billion plus customary adjustments to Pertamina. The deal involves […]
Italian energy company ENI has unveiled a $ 8 billion investment plan in Libya to be carried out over the next decade to upgrade current production and launch new exploration activities in the oil-rich country. This huge investment will enable the Italian energy company to expand its business and enhance its presence as the major […]
An agreement has been reached between Sonde Resources Corporation and the Joint Oil of Tunisia and Libya for the second phase of the exploration of the joint oil block in the Gulf of Gabes The agreement allows the company to defer the three exploratory well obligations into the second phase of the exploration period and […]
The Portuguese company Galp Energia (Petróleos de Portugal e Gás) announced it has acquired a 50 percent stake in the Tarfaya Offshore area, comprising eight exploration permits, known as Tarfaya Offshore I to VIII, located on the Atlantic Margin, offshore Morocco. The company acquired the shares under a farm-in agreement with the Australian company, Tangiers […]
Bejaia will be home to an oil terminal in 2015 destined to play a major role in the maritime area of Sidi Ali Lebhar according to the CEO of the Bejaia port company, Djelloul Achour. The project has obtained the Ministry of Energy and Mines approval and has been undertaken by Laboratory of Maritime Studies […]
The head of Libya’s oil ministry Abdelbari al-Arusi is planning to set up two separate institutions which will be responsible for the exploration and production activities on one hand and the other will be taking care of the refinery but they will all be under the ministry. According to reports, Benghazi will host the body […]