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Financials and Investment News in Algeria

10% Hike in Hydrocarbon Exports Expected in 2016, Sonatrach
6/27/2016 - Sonatrach Group banks on a hike in its hydrocarbon exports to 108 million ton oil equivalent (TOE) in 2016 against 98.1 million TOE in 2015, i.e. an increase by 10%, CEO of the Group Amine Mazouzi ann...
Over USD14 Bn in FDI Over 2010-2015, Algeria
6/16/2016 - Foreign direct investment (FDI) in Algeria's energy sector has reached USD14.01 billion between 2010 and 2015, that is, an annual average of USD2.3 billion, the ministry of Energy has said. ...
Oil Prices Extend Recovery
3/19/2016 - World oil prices rallied for a third day running Friday, with traders brushing aside news of a rocket attack by jihadists on a gas plant in OPEC energy producer Algeria. ...
Algeria Energy Earnings Drop 41 Pct in 2015
1/19/2016 - Algeria's energy earnings dropped 40.8 percent in 2015 from the previous year, causing a trade deficit of $13.71 billion after a $4.306 billion surplus in 2014, the Finance Ministry said. ...
Algeria Loses $2bn a Year to Fuel Smuggling
1/9/2016 - Algerian Cabinet Director Ahmed Ouyahia said that raising fuel prices may contribute to reducing fuel smuggling to Morocco and Tunisia, which costs his country nearly $2 billion annually. ...
Oil Tax Revenues Slide in 1H of 2014
10/15/2014 - The revenues from oil taxes stood at 1,870 billion DA, equaling $23.5 billion during the first half of 2014, sliding 10% in comparison with the same period of 2013 (DZD2,086 billion), according to a r...
Oil Revenues Collected Late April Exceed $15 Billion
7/3/2014 - Algeria reaped DZD1, 241.9 billion, the equivalent of $15.5 billion in oil revenues in late April, nearly a third of recoveries forecast for 2014, Ministry of Finance said. ...
Sonatrach to Fund 2 Cancer Hospital Projects in Algeria
4/15/2014 - State-owned oil group Sonatrach will finance the building of two specialized cancer hospitals in Hassi Messaoud, province of Ouargla (800-km southeast of Algiers) and in Algiers, a source from the min...
Algeria Cuts April Price for Saharan Blend Crude
3/27/2014 - Algeria has cut its April official selling price (OSP) for Saharan Blend crude oil to dated Brent plus 40 cents a barrel from plus $1.40 in March, state firm Sonatrach said. ...
Algeria's Oil Revenues Hit $27 billion in 2013
3/25/2014 - The Revenues Regulation Fund (FRR), of the hydrocarbon, is up by DZD2,062 billion (some $27 billion) in 2013, according to the last figures of the Finance Ministry. ...
Eni is Not Involved in Illegal Conduct in Algeria
1/18/2014 - Italian energy company Eni said there was no evidence to suggest it was involved in illegal conduct while working in the Algerian energy sector. ...
Algeria Loses $6 billion by Hydrocarbon Exports Fall
12/17/2013 - Algeria lost about $6 billion between January and June 2013 as its hydrocarbon exports fell by 14.31 percent to $32.14 billion compared to $37.50 billion, the Algeria Bank new report finds. ...
Algeria Says Owed $250 Mln by Switzerland's Petroplus
5/10/2012 - Insolvent Swiss oil refiner Petroplus owes Algerian state energy firm Sonatrach over $250 million in unpaid bills, an Algerian energy sector official told Reuters. ...
OPEC's Agenda to Raise the Output Target
OPEC's Agenda to Raise the Output Target 5/6/2012 - Raising the output target set by the Organization of the Petroleum Exporting Countries is not on OPEC's agenda for now but probably will be, Algerian Energy and Mines Minister Youcef Yousfi said. ...
Algeria Eyes Freer Energy Investment Terms
Algeria Eyes Freer Energy Investment Terms 10/27/2011 - Algeria's energy ministry has recommended to the president that energy laws be changed to make it more attractive for foreign firms to invest in oil and gas projects, an energy official said. Algeria'...
151st (Extraordinary) Meeting of the OPEC Conference
12/17/2008 - The 151st (Extraordinary) Meeting of the Conference of the Organization of the Petroleum Exporting Countries (OPEC) convened in Oran, Algeria, on 17 December 2008, under the Chairmanship of its Presid...
LUKOIL and Sonatrach Signed MOU
8/4/2006 - OAO LUKOIL and Sonatrach signed Memorandum of Understanding in Moscow. The Memorandum deals with issues of mutual cooperation in the area of exploration and oil-gas field development, petroleum refini...

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