TotalEnergies abandons Algeria project for bureaucracy problems

August 24, 2022

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 ... Read More

Fearing Russian retribution, Algeria backpedals on gas supply promise to Europe

March 1, 2022

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 ... Read More

Sonatrach financial hurdles, Algeria’s economic agony

September 26, 2020

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 ... Read More

Algeria loses about $100m over poor quality of Sonatrach’s petroleum products

September 8, 2020

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 ... Read More

Algeria’s Sonatrach to lose fuel contract monopoly in Lebanon

August 5, 2020

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 ... Read More

Total extends purchase of Algeria’s LNG

June 26, 2020

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 ... Read More

Algeria’s revenue lifeline Sonatrach in a free fall

June 4, 2020

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. ... Read More

Algeria’s Sonatrach, Russian Lukoil ink cooperation MoU

May 5, 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 ... Read More