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ALGIERS – Minister of Finances Mohamed Loukal on Tuesday presented before the People’s National Assembly (APN-Lower House), the bill modifying and completing the organic law 18-15 on Finance Laws, which provides for the separation of the fiscal regime of the hydrocarbon sector.

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ALGIERS- Minister of Energy Mohamed Arkab said Tuesday the hydrocarbon field in Algeria is not explored enough, expressing the need for the legislation governing the industry to be reformulated to attract investment and cutting-edge technology, thereby creating wealth.

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ALGIERS- Minister of Energy Mohamed Arkab affirmed Tuesday, in Algiers, that nearly 60% of the country’s initial hydrocarbon reserves are exhausted, because of the rise in local consumption and exportation.

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ALGIERS- Algeria needs to make new oil and gas findings to ensure its energy security and earnings, notably through foreign partnership, said Sunday in Algiers a senior official of Energy Ministry.

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BOUMERDES- Minister of Energy Mohamed Arkab affirmed Tuesday, in Boumerdes, that the new bill on hydrocarbons aims mainly to increase and renew national reserves in energy products and meet the growing domestic demand.

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ALGIERS- Prime Minister Noureddine Bedoui chaired Monday, a meeting of the inter-ministerial Council devoted to the examination of Sonatrach development plan and draft bill on hydrocarbons, said a communiqué of the Prime Minister’s Office.

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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- Ongoing energy projects are progressing smoothly and no withdrawal of investments has been announced by Algeria's partners, Minister of Energy Mohamed Arkab told APS in an interview.

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WASHINGTON- The bill on hydrocarbons, recently refined, provides for three types of agreements that will be proposed to foreign investors as part of hydrocarbon exploration and production in Algeria, said a top official of Sonatrach group.

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ALGIERS – The national mining sector in hydrocarbons should rely on the modern techniques and technologies in order to batter valuate the resources which remain "under –explored" by Algeria, said Monday Minister of Energy Mustapha Guitouni.

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