Posts Tagged ‘Gas’

Sonatrach CEO Abdelmoumen Ould Kaddour is restructuring the state oil company in an effort to address the slump in Algeria’s oil and gas output

Sonatrach: Can Shake-Up Haul Lumbering Behemoth Into The 21st Century?

MEES, 24 August 2018 Sonatrach president Abdelmoumen Ould Kaddour has been quietly carrying out a major restructuring of the firm’s management, including the creation of several new divisions and a change of personnel in other key posts. The changes include the creation of three new vice-president positions: VP finance, to which executive finance director Mohamed [...]

Libya government budget and finances H1 2018

Libya’s Financial Black Hole

MEES, 17 August 2018 Libya near-balanced its budget in 1H 2018. But this was ‘thanks’ to chronic state weakness that left spending 21% under budget. Revenues were up with higher oil prices, but non-oil revenue remains abysmal. The UN plans an audit of Libya’s finances in a bid to help tackle corruption. But, if the [...]

Start-up of Timimoun development on Southwest Gas Project heralds record Algeria gas production in 2018

Algeria Gas Set For Record 2018 With Start-Up Of Key Southwest Fields

MEES, 2 March 2018 Algeria’s 2017 gas output was only just shy of record levels set the previous year. With the second of two key ‘Southwest Gas Project’ components starting up this week, the country can expect new records in 2018. The 24 February start-up of output at the Timimoun gas field makes it the [...]


In Amenas gas plant Algeria

Algeria opens new territory to oil drilling

Energy companies remain wary, though, after deadly 2013 attack on natural gas facility Al Jazeera – 28 January 2014 One year ago, a terrorist attack on a natural gas facility in southern Algeria led to the deaths of 67 people after Algerian troops tried to rescue hundreds of hostages taken by an al-Qaeda-linked group. Now, [...]

In Amenas gas plant Algeria

Foreign oil and gas workers in Algeria – not yet back at work

The Economist – 15 January 2014 A YEAR has passed since a terrorist attack against one of Algeria’s largest natural gas facilities resulted in the deaths of 39 foreign workers. Yet the Algerian government has yet to convince international oil companies that it is safe enough for overseas staff to return to the site at [...]

Algeria moves to bolster oil and gas reserves

Sonatrach plans five new refineries and accelerated gas exploration as part of $80bn spending programme In early November, Algerian state energy company Sonatrach announced plans to invest $80bn in oil and gas projects over the next five years. The plans include a 50 per cent increase in the firm’s annual spend, to $15bn in 2013 [...]


Algeria projects report 2012

Algeria projects report in print

24th June 2012 The most comprehensive business intelligence report on Algeria’s economy is now in print. The culmination of several months of research and a decade of accumulated knowledge, this 180-page report is the most detailed and up-to-date study of the projects market in Algeria. It is the perfect time to be informed about the [...]

Gas still a challenge for resurgent Middle East market

The combination of the global economic crisis and political turmoil in the Middle East and North Africa made 2011 a tough year for investment in the region. But the significant increase in oil prices and the return of a degree of stability to several of the affected markets means the outlook for the coming year [...]

Algeria frustrates BP asset sales plan

The Algerian government is frustrating the proposed sale of assets in the country by BP to its Russian joint venture partner TNK-BP as it looks into buying the acreage… To view this article in full, please visit FT.com