First Independent Mena Newspaper
French giant Total Energies has ditched a petrochemical project in Arzew in Oran in Western Algeria, a withdrawal that analysts blamed on Algeria’s bureaucracy. The news was relayed by Africa Intelligence news outlet on the eve of a visit by French President Emmanuel Macron to the country. The French firm has sealed a deal wih […]
CEO of Algeria’s oil and gas company Sonatrach Toufiq Hakkar said on Feb 27 his country was ready to tap the potential of a 10 cubic meter pipeline to Italy, but a day later he backtracked on his promise casting doubt on Algeria’s limited gas production capacity, in a volte-face that indicates a fear of […]
Economists have long warned the Algerian regime of an impending Venezuelan scenario as the country put off reforms leaving the economy dependent since independence on oil and gas sales of its state-owned company Sonatrach. The company, which aspired to be among the top 5 global oil and gas companies globally in 2030, hit the cliff […]
Algeria’s energy giant Sonatrach has suffered a new setback after Turkey rebuffed two shiploads of liquefied natural gas (LNA) worth around $100 million after the discovery of oil in the load, Algerie Part Plus reports. Sonatrach, after it lost its biggest customers, namely the Spanish electricity companies, and Electricité du Liban that accused it of […]
Lebanon has decided to diversify its oil suppliers from 2021 after main supplier, Algeria’s Sonatrach, was accused of providing the Middle East country with adulterated fuel. Lebanon Energy Minister Raymond Ghajar told Bloomberg that the Lebanese government has opted to multiply for the next coming three years its fuel suppliers. “We would prefer to have […]
France’s energy giant Total has renewed for three years the purchase of liquefied natural gas (LNG) from Algeria’s energy company Sonatrach, Trade Arabia reports. Sonatrach will supply two million tons per year of Algerian LNG to the French market, primarily through the LNG terminal at Fos Cavaou. The deal, concluded in an extremely volatile market […]
Algeria’s main source of revenue, oil and gas company Sonatrach, has seen troubles piling up as it struggles to juggle with historically low oil prices. The company, which accounts for more than 90% of Algeria’s exports, was dealt another blow with the cancelation of a supply contract with Spain’s Naturgy. Sonatrach will be obliged to […]
News Stream May 06,2020
News Stream May 05,2020
Algeria’s state-run oil company Sonatrach and Russia’s Lukoil on Monday signed a Memorandum of Understanding (MoU) covering many cooperation areas including joint investment and production at home and abroad. Sonatrach said the agreement will enable both sides to identify joint investments in oil exploration and production in the North African country after the adoption of […]