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Energy sector significantly boosted in 2018

Saturday, 05 January 2019 18:04

ALGIERS-  During 2018, the energy sector witnessed significant dynamics, reflected mainly in the amicable settlement of disputes between Sonatrach (the largest Algerian and African oil company and the world’s 11th largest oil consortium) and its foreign partners which enabled the conclusion of many partnership agreements in the hydrocarbon and petrochemicals fields.

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ALGIERS- The Algeria - European Union high level annual meeting on energy will be held on Tuesday in Algiers, energy ministry said in a communiqué.

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ALGIERS- Minister of Energy Mustapha Guitouni called on Thursday, in Milan, the world’s energy leaders to invest in the Algerian upstream oil and gas sector as well as in petrochemistry and processing industries, said the ministry in a communiqué.

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ALGIERS- The CEO of the national hydrocarbon company Sonatrach Abdelmoumem Ould  Kaddour and Executive Director of the Italian group ENI Claudio Descalzi signed Tuesday, in Milan, an agreement marking an additional step for the strengthening of the partnership in the basin of Berkine, in synergy with the existing facilities of BRN (bloc 403) and  MLE (bloc 405b), with the objective of executing a gas hub in the area, said a communiqué of Sonatrach.

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ALGIERS- The commercial production of the primary energy was virtually stable at 165.9 million tonne oil equivalent (Mtoe) in 2017 against 166.18 Mtoe in 2016 (-0.2%), said Thursday in Algiers the Energy Ministry’s Statistics Mostefa Ismail.

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ALGIERS-Energy subsidies might be revised as of 2019 and State will make not make any change without a great campaign of communication towards citizens, Finance Minister Abderrahmane Raouya announced Monday.  

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HUSTON (Texas)- Huston will host the 12th Algeria Energy Day, to be placed this year under the sign of partnership and exchange between Algerian and American oil companies.

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ALGIERS- The Algerian company for industrial projects “Sarpi,” a joint stock company created in June 1992 in partnership between Sonatrach and ABB (Italy), belongs from now on to Sonatrach group which has purchased 50% of ABB’s shares.

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ALGIERS- Minister of Energy Mustapha Guitouni was received Tuesday, in Tunis, by Tunisian Prime Minister Youssef Chahed with whom he examined ways to strengthen the bilateral cooperation notably in energy, said a ministerial communiqué.

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Revision of hydrocarbons law initiated

Friday, 23 February 2018 15:35

ORAN (Algeria)- The ministry of Energy has initiated a revision of the law on hydrocarbon, including new legislative and tax measures "attractive" to investors, Minister of Energy Mustapha Guitouni said Friday.

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