Financials and Investment News in Algeria
| 11/18/2020 - Neptune Energy has announced its financial results for the three months ended 30 September 2020. Good safety and underlying operational performance in Q3, with YTD production up <... |
| 12/23/2019 - The Arab Petroleum Investments Corporation (APICORP) said it has agreed to two loans worth a combined $250 million with Sonatrach Petroleum Investment Corporation, a subsidiary of Algerian state-owned... |
| 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... |
| 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. ... |
| 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. ... |
| 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. ... |
| 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. ... |
| 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... |
| 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. ... |
| 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... |
| 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. ... |
| 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. ... |
| 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. ... |
| 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. ... |
| 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. ... |
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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. ... |
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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'... |
| 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... |
| 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... |
