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ALGIERS- Foreign firms continue to show special interest in the Algerian market of hydrocarbons, denying some "analyzes" about imminent disinvestment in the sector owing to the political situation in the country.

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ALGIERS– The "historic decision" of the members of the Organization of Petroleum Exporting Countries (OPEC) and non-OPEC oil producing countries during their meeting in Algiers in September 2016 has allowed relaunching investments and increasing oil prices in 2017, said Thursday in Algiers Energy Minister Mustapha Guitouni.

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ALGIERS-Energy Minister Mustapha Guitouni on Sunday expressed the hope that US companies will participate in the hydrocarbon-related tenders his sector is about to launch.  

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ALGIERS- The national hydrocarbon group SONATRACH has signed, Thursday in Algiers, a memorandum of understanding (MoU) with Iraq's Ministry of Oil, with the aim to strengthen partnership between the two countries, said the Group in a communiqué.

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TIMIMOUN-Energy Minister Mustapha Guitouni on Tuesday said that the new legislative framework governing hydrocarbons, which would be finalized by the end of 2018 or in the first half of 2019, would encourage new investments in partnership with foreign operators recognizing Algeria’s “seriousness and credibility." 

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TEBESSA- CEO of Group Sonatrach, Abdelmoumen Ould Kaddour on Tuesday in Tebessa stressed the need to attract foreign investors to invest in hydrocarbon sector.

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 WASHINGTON - US Giant, ExxonMobil, the world's largest oil company, plans to settle in Algeria and develop joint projects with Sonatrach, the Algerian Oil and Gas Group's CEO, Abdelmoumen Ould Kaddour, announced.

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ALGIERS- Minister of Energy Mustapha Guitouni said Thursday that USD78 billion will be invested in hydrocarbons in the period between 2017 and 2021, adding that most of the investments will go to prospection and exploration. 

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ADRAR- The national hydrocarbon group SONATRACH will invest about US$50 billion over the next five years, with an average of US$10 billion every year in the all fields (exploration, exploitation, training...), announced, Wednesday in Adrar, its CEO Abdelmoumen Ould Kaddour.

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ALGIERS -  President of the Executive Committee of the National Agency for the Valuation of Hydrocarbon Resources (Alnaft), Arezki Hocini said Monday in Algiers that beyond the expected amendment of the hydrocarbon law, investments in this field required to be adapted to a broader environment related to business climate, communication and usage of technology, in order to relaunch them.

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