First Independent Mena Newspaper
Muhammad Husain, the director of state own oil Indonesian company, PT Pertamina, has announced the company will be exploiting oil from Algeria in the next few months. This could allow the company to increase its reserve by 100 million barrels per day and additional crude oil output of 23,000 barrels per day. Negotiations are still […]
As a process of tightening the bilateral relationship between Turkey and North African countries, and more precisely the Maghreb region, the Turkish Prime Minister Recep Tayyip Erdoğan is currently on a visit from June 3rd to June 6th to Morocco, Algeria and Tunisia. Erdoğan plans to meet the heads of state or heads of government […]
Many security pundits have repeatedly warned that the political unrest, the eroding security situation and the flourishing weapons, human and drug trafficking in the Sahel/Sahara region have made of the area a terrorism breeding ground, an exploding powder keg, or what some have called ‘an arc of instability.’ The warning has just been echoed in […]
The World Bank has voiced support for the efforts made by Algeria to diversify its oil-dependent economy, boost the private sector, improve governance and create job opportunities for the young people & graduates. At the end of a three-day visit to the North African country, WB Vice President for the Middle East and North Africa, […]
State-owned Société de Gestion des Participations Industries Manufacturières (SGP-IM) has concluded an agreement with Taypa Tekstil Giyim, a Turkish company, to construct a multi-million dollar textile-clothing industry center in Algeria. The partnership is a part of the government’s efforts to promote joint public-private venture in the country and to attract foreign investment. The North African […]
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. […]
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 […]
Back in 2012, Issad Rebrab was listed as a potential candidate to Algeria’s presidential elections initially scheduled for April 2014 and press reports had then said that the man had already set up a campaign team made up of former cabinet members, businessmen and media figures. Last week, after President Abdelaziz Bouteflika suffered a stroke […]
According to a statement released by the Algerian Ministry of Oil, Algeria is willing to open the door to Russia in an invitation made to Minster Alexander Novak. Algeria wants a stronger cooperation between oil and gas companies from the two countries in order to strengthen their participation at OPEC. The Algerian minister offered investment […]
The health of Algerian President Abdelaziz Bouteflika who suffered a stroke and was flown to Paris on Saturday for further medical check-ups has raised speculations as to the political future of the country which seems in limbo. The health condition of President Bouteflika who was expected to run for the presidential elections scheduled in about […]