Hamel takes the Helm as GECF Secretary General
Mohamed Hamel from the People's Democratic Republic of Algeria has assumed office as the fourth Secretary General of the Gas Exporting Countries Forum (GECF), the global platform of leading gas exporting countries.He…
Eni, Sonatrach Push Algeria Projects
Algeria's energy giant Sonatrach and Italian multinational oil and gas company announced the intention to accelerate the development of new oil and gas projects in North Berkine Basin in the Algeria, that will lead…
Eni Extends Algeria Gas Contract
Italian multinational oil and gas company Eni announced that it had signed agreements with Algerian state-owned Sonatrach to extend its gas supply pact.The agreement covers almost 15% of the gas imported into Italy.
New Sonatrach CEO: Foreign Partnerships Essential
Algeria's state energy company Sonatrach wants to develop its partnerships with foreign firms to boost output and exports, its new chief executive said on Wednesday, comments that could reassure investors a week after his appointment.Algeria…
Sonatrach Shortlists 4 Firms for Trading Joint Venture
Algeria's Sonatrach has shortlisted four firms, with only one to be selected, to set up a trading joint venture, the company's chief executive Abdelmoumene Ould Kaddour told reporters."Of the 14 international firms interested in a trade JV with Sonatrach…
Greece Approves Two Consortia for Hellenic Petroleum Bids
Greece on Monday approved two consortia to submit final bids for a 50.1 percent stake in its biggest oil refiner Hellenic Petroleum, its privatisations agency said.The consortia are: Glencore Energy with a unit of U.S.-based Carlyle Group; and Vitol Holding with Al
Sonatrach Awards Gas Contract to Petrofac
Algerian state energy firm Sonatrach awarded a contract worth 60 billion dinars ($506 million) on Tuesday to Britain's Petrofac to boost gas output at the Tinhert field by 4.7 million cubic metre per day, Sonatrach's…
Sonatrach Awards LPG Train Contract to Tecnimont
Algeria's Sonatrach on Monday signed a contract worth $248.5 million with Italy's Maire Tecnimont Spa to build a fourth liquefied petroleum gas (LPG) train at the Hassi Messaoud gas field, Sonatrach's chief executive said.The Italian firm had announced a preliminar
Eni Strikes Deal with Total to Boost Algeria Operations
Italian oil major Eni said on Monday it had struck a deal to team up with French peer Total to look for oil and gas in Algeria and strengthen its position in the north African country.The two oil companies signed…
Algeria Hopes to Have Energy Law Ready by 2019 - Sonatrach CEO
Algeria wants to have a new energy law ready by the first half of 2019 and might use Mexico's legislation as inspiration, the CEO of state energy firm Sonatrach said on Tuesday.The North African OPEC member has been…
Total, Sonatrach Strengthen Cooperation in Natural Gas
French energy group Total and Algerian state-owned firm Sonatrach have signed new agreements, including a contract to develop the Erg Issouane gas field and plans to create a joint venture.The new concession contract…
Algeria's Sidi Rezine Refinery to Restart Production at Start of 2019
The Sidi Rezine refinery in the Algerian capital Algiers will come back online at the beginning of 2019 with an estimated output of 3.6 million tonnes of refined products, a senior official at state energy company Sonatrach told Reuters on Wednesday.Sidi Rezine has
Sonatrach in Talks with 14 Foreign Firms on Trading Venture -CEO
Algerian state energy firm Sonatrach is in talks with 14 international firms for a joint venture to trade oil and gas products after agreeing to buy its first overseas refinery, its CEO said on Thursday."I am happy to say that 14 firms are on the list to do a JV on
Sonatrach Signs Gas Exploration Deal with Total, Repsol
Algeria's Sonatrach on Monday signed an exploration and development contract with France's Total and Spain's Repsol for the Tin Foye Tabankort gas field in block 238, the state energy firm said.The three firms will invest $324 million to keep output at 3 billion cu
Algeria Hires U.S. Law Firm Curtis for New Energy Law
Algeria has hired U.S. law firm Curtis, Mallet-Prevost, Colt & Mosle LLP and other consultancies to help with a new energy law aimed at attracting much-needed investment, the CEO of state energy firm Sonatrach said on Monday.The OPEC producer…
Clash of the Russian Energy Titans
Russian energy major Rosneft is increasingly challenging domestic rival Gazprom in international gas markets, from West Africa to Turkey and even Europe, according to five industry sources with knowledge of the matter.Last week…
Total Signs $1.5 bln Sonatrach Deal for Algerian Project
French oil and gas major Total has signed a $1.5 billion deal with Sonatrach to build a polypropylene plant in western Algeria, the companies said on Friday.Engineering studies have started already and front-end engineering and design will start in the summer, Tota
Sonatrach to Buy ExxonMobil's Augusta Refinery
Sonatrach plans to buy ExxonMobil's 175,000 barrel-per-day Augusta refinery in Sicily, Italy, the head of Algeria's state oil firm told French news outlet Les Echos on Wednesday.Sonatrach will also buy three oil storage terminals in Italy, Abdelmoumen Ould Kaddour
Sonatrach Cuts May Saharan Blend Crude OSP
Algeria's Sonatrach set its May Saharan blend crude oil official selling price at dated Brent plus 40 cents a barrel. This compares with April's price of dated Brent plus 55 cents a barrel. Reporting by Ahmad Ghaddar
Total announces first gas from Timimoun field, Algeria
Total announces first gas from the Timimoun field in southwestern Algeria. The production complex with a capacity of around 5 million cubic meters of natural gas per day at plateau (around 30,000 barrels of oil equivalent per day (boe/d))…
