Gulf Oil and Gas accountACCOUNT

Algeria Not 'in Bankruptcy,' Despite Drop in Oil Prices

Source: Algeria Times 3/10/2016, Location: Africa

Share |
Prime Minister Abdelmalek Sellal said that Algeria is not "in bankruptcy, adding that the country has "important assets" allowing it to face the fall in oil prices in world markets.

Sellal made the comment in a statement to APS on the sidelines of a working and inspection visit to Annaba (600-km east of Algiers).

According to the Prime minister, young Algerian executives and experts, who "are able to achieve miracles," are the main assets of Algeria.

"Those experts have compelled recognition abroad and can do the same in their country."

The premier urged all Algerians to focus on the country's interests and to make sacrifices in this respect.

He underlined that "ensuring the future of rising generations is a responsibility and a mission that is incumbent upon of all us."

For more information about related Opportunities and Key Players visit Algeria Oil and Gas Projects

Investment News in Algeria >>

Egypt >>  2/12/2018 - President Abdel-Fattah El-Sisi inaugurated the second edition of the Egypt Petroleum Show (EGYPS), which brings together oil and gas industry executiv...
Egypt >>  2/11/2018 - Energy group DEA plans to invest nearly $500 million in developing its oilfields in Egypt over the next three years, its chief executive office said. ...

Algeria >>  2/8/2018 - Algerian state energy firm Sonatrach will invest $56 billion from 2018 to 2022, its chief executive said. “We will give more details very soon,” Abdel...
United Arab Emirates >>  2/7/2018 - A US $3.1 billion project to introduce crude processing flexibility, at the Abu Dhabi National Oil Company (ADNOC) owned Ruwais oil refinery, was anno...

Egypt >>  2/5/2018 - Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources recieved Dr. Abby Badawi, CEO of Kuwait Energy Company and Eng. Manssour Aboukhamseen...
Iran >>  2/5/2018 - Managing director of National Iranian Gas Company (NIGC) Hamid-Reza Araghi said his company has planned to break grounds or launch gas projects with a...

Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


Algeria Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 |

More News

 

Oil & Gas Companies in Algeria >>


Related Links

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Privacy Policy.