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Tag: oil
Oil/Gas Exploration: SDX Energy Inc. Upbeat over its Operations in Morocco
UK Company SDX Energy Inc. said that its drilling campaign in Morocco remains on schedule for two exploration wells in the second half of 2017, ... Read More
IMF Expresses Concern over Impact of Lower Oil on Algerian Economy
“Algeria continues to face important challenges posed by lower oil prices (…) and growth in the nonhydrocarbon sector slowed under the effects of spending cuts”, ... Read More
Libya: Haftar’s Forces Retake Lost Oil Terminals
Libyan forces aligned with renegade Field Marshal Khalifa Haftar Tuesday recaptured the two oil terminals lost to Benghazi Defense Brigades (BDB) earlier this month. The ... Read More
Brussels Denounces Algerian Restrictive Measures on Trade
The European Union (EU) has denounced "restrictive measures imposed on bilateral trade" without prior consultation with the EU, says a report released on the occasion ... Read More
Russia Continues Sneaky Tactics in Support of Haftar in Libya
Set to strengthen its foothold in a Libya beset by chaos and instability, Russia threw its weight on Libya’s strongman Marshall Khalifa Haftar whose forces ... Read More
Algeria’s Foreign Reserves Dwindle to $114 bln by end of 2016
Algeria’s finances have been severely battered by the slump in oil prices, dwindling from $178 billion in 2014 to $114 billion by the end of ... Read More
Concern in the EU over Instability Prospects in Algeria
EU officials and media continue to voice concern over the threats of instability in Algeria, which braces for a political crisis marked by the opacity ... Read More
Algeria’s Trade Deficit Widens as Low Oil Prices Continue
The drop in oil prices has taken a heavy toll on Algeria’s budget revenues with the trade deficit expanding to 15.8 billion dollars as of ... Read More
Libya: Sharp Fall in Oil Output Sparks Concern of Western Powers
Libyan oil production is falling more sharply than expected, declining by 70 percent from pre-civil war levels due to continued instability and hostilities between armed ... Read More
Engie to sell its gas exploration Unit in Algeria
French utility company, Engie SA, wants to sell its gas exploration units in Algeria as part of a larger plan to offer its assets in ... Read More