Gulf Oil and Gas accountACCOUNT

Algeria Imports over a Million Tons of Gasoline Annually

Source: Algeria Times 4/11/2016, Location: Africa

Share |
Oil price's decline is directly caused by the large abundance of production in oil market, Energy and Mines Minister, Saleh Khebri, said during the two-day work and inspection visit to Djelfa (southern Algeria).

Supply, demand and geopolitical conditions control the oil prices, and the outcome of the Doha meeting, which will be held on April 17, will be the first phase to freeze the production of January 2016. Algeria imports about one million tons of gasoline annually, and the gas is the solution."

"Next stage will be a follow up to the market, and if necessary to enter another phase, which is the reduction of the production until the absorption of large quantities. Six months ago, Saudi Arabia was not expected to meet with Russia and agree to freeze production. Algeria is not and will not abandon nuclear energy projects, but will use them for peaceful purposes, which is the production of electricity until the diversification of energy sources."

"Government prepared a program to reduce the use of gasoline, and replace it with gas, so there was an instruction from the Prime Minister to all the ministers, so that gas will be used for all cars of the state instead of gasoline. This allows the reduction of the use and importation of gasoline, because the ability to gasoline production is insufficient, and Algeria imports an additional amount, that is equivalent to one million tons per year, waiting for the opening of two new refineries in Tiaret (western Algeria), and Hassi Messaoud (southern Algeria), which will be in service by 2020.

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

Natural Gas News in Algeria >>

China >>  11/7/2018 - Natural gas prices are surging after a dramatic change to U.S. weather forecasts indicates that winter-like temperatures will grip much of the country...
United States >>  11/7/2018 - Sempra Energy (SRE) announced that its subsidiaries Infraestructura Energetica Nova S.A.B. de C.V. (IEnova) (IENOVA) and Sempra LNG & Midstream have s...

Russia >>  11/5/2018 - A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Rainer Seele, Chairman of the Executive Board of OMV, took ...
Algeria >>  10/22/2018 - A partnership agreement was signed at Aval headquarters in Oran, between the company Helios (Sonatrach subsidiary) and the American group "Air Product...

China >>  10/18/2018 - ExxonMobil signed a framework agreement with China’s Zhejiang Energy on October 18 for the Chinese firm to supply liquefied natural gas (LNG) for Exxo...
Mozambique >>  10/16/2018 - Anadarko and our co-venturers in Area 1 are proud to report we have executed an LNG Sale and Purchase Agreement (SPA) with Tohoku Electric Power Compa...

Related Categories: Coal  Electricity  General  Natural Gas  Oil 

Related Articles: Coal  Electricity  General  Natural Gas  Oil 

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. - Terms of Service - Privacy Policy.