ALGIERS- The revision of the law on hydrocarbons is a “serious” issue which requires “time and expertise,” the Chief Executive Officer of Sonatrach Abdelmoumen Ould Kaddour told APS.
ALGIERS- Energy Minister Mustapha Guitouni reiterated, Thursday in Algiers, public authorities' commitment to maintaining the 51/49 rule governing foreign investments in Algeria, adding that this rule would not be reconsidered while drafting the bill on hydrocarbons.
ALGIERS- The Council of Ministers on Wednesday has approved three presidential decrees on the exploration and exploitation of hydrocarbons during a meeting, chaired by President of the Republic Abdelaziz Bouteflika.
ADRAR- Prime Minister Ahmed Ouyahia affirmed, in Adrar, that North Reggane gas complex, inaugurated Thursday, is “an important achievement” for the national economy and that in spite of the efforts made by the State for the diversification of the national economy, energy remains the driving force.
ALGIERS- A presidential decree approving an amendment to a contract between the national hydrocarbon company SONATRACH and the national agency for hydrocarbon resource development ALNAFT and three foreign energy firms has been approved Wednesday by the Council of Ministers during a meeting chaired by President of the Republic Abdelaziz Bouteflika.
ALGIERS- The national hydrocarbon group SONATRACH has made 26 gas and oil finds between 1 January and 30 September 2017, against 28 during the same period in 2016, said Thursday in Algiers Minister of Energy Mustapha Guitouni.