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Investment News in Algeria

Sonatrach CEO in Peru to Discuss Investment & Partnership
8/28/2018 - Sonatrach CEO , Abdelmoumen Ould Kaddour, begins in Lima (Peru) a working visit to discuss partnership and investment with senior officials of the Peruvian energy sector, we learned from the oil and g...
Algeria Hires U.S Law Firm to Help With New Energy Law
6/4/2018 - 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 ...
Algeria Vows Tax Reform in Energy Sector
3/25/2018 - Algeria plans to offer tax incentives in a planned new energy law to attract more investment and is in discussion with foreign energy firms including BP and Anadarko to exploit its shale gas reserves,...
Algeria's Sonatrach to Invest $250m to Boost Output at Tinhert Gas Field
3/12/2018 - Algerian state energy firm Sonatrach will invest $250 million to boost output at the Tinhert gas field to 20 million cubic metres (mcm) per day by 2020 up from 5 million cubic metres, its CEO said on ...
Exxon Mobil Interested in Working in Algeria, Sonatrach CEO says
3/6/2018 - U.S. oil major Exxon Mobil Corp has shown an interest in working in Algeria, the head of state energy firm Sonatrach said. ...
Algeria's Sonatrach to Invest $56 bln from 2018 to 2022
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,” Abdelmoumen Ould Kaddour told reporters during a visit ...
Algeria Sees Energy Law Amendment by End of 2018
10/16/2017 - Algeria aims to amend its energy law in 2018 as it plans to improve contract terms to attract needed foreign investment, authorities said on Monday, giving the first timeline for a much-anticipated mo...
Oil Price will be Stable in December
8/2/2016 - Algeria’s energy minister Nourredine Bouterfa said the Public Treasury will not be affected by oil price decrease and the market will be stable again by the end of December. ...
Total Files Arbitration Against Algeria on Oil Tax Change
7/2/2016 - French oil major Total has filed a request for arbitration against Algeria for changing profit-sharing terms on oil and gas contracts in the mid-2000s, Chief Executive Patrick Pouyanne said. ...
Algeria Jan-April Grain Imports Down 9.5 Pct
6/7/2016 - Algeria's grain imports totalled 4.39 million tonnes in the first four months of 2016, down 9.5 percent from the same period a year earlier, despite higher soft wheat purchases, official data showed. ...
Algeria Foreign Reserves Fall to $136.9 Bln
6/5/2016 - Algeria's foreign exchange reserves fell $6.1 billion this year to $136.9 billion due to the drop in global oil prices, Prime Minister Abdelmalek Sellal said. ...
Algeria Sees Crude at $40 If Producers Agree to Output Freeze
4/11/2016 - Oil prices may stabilize at $40 a barrel should OPEC and non-OPEC producers agree to a supply freeze at their meeting in Doha next Sunday, Algerian Energy Minister Salah Khebri said. ...
IMF Sees Oil Price Risk for Algeria
3/16/2016 - The International Monetary Fund warned Algeria's government that deep structural reforms are necessary to buffer against pressure from low oil prices. ...
Algeria Not 'in Bankruptcy,' Despite Drop in Oil Prices
3/10/2016 - 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. ...
Algeria to Seek Consensus on Oil Price
2/15/2016 - Algeria is in talks with oil producers within and outside Organization of Petroleum Exporting Countries (OPEC), to reach an agreement that would stabilize the oil market and raise prices, the Algerian...
Oil Barrel at $25 and Algeria is Under Shock
1/16/2016 - The government seeks new resources to fund its budget as oil price collapsed to less than $25. Experts warn against serious repercussions and expect strict measures to tighten the belt. ...
Algeria's Energy Export Volumes Dip In Jan-Sept 2015
1/7/2016 - Algeria's energy export volumes dropped 2.8 percent in the first nine months of 2015 due to a fall in output and a sharp rise in domestic consumption, the energy ministry said. ...
Algeria Swings into Trade Deficit as Energy Earnings Fall
12/21/2015 - Algeria posted a trade deficit of $12.62 billion for the first 11 months of 2015, against a $5.45 billion surplus a year ago, after a 42.4 percent fall in energy earnings caused by the drop in crude o...
After Oil Price Drop, Algeria Eyes Subsidy System Reform
11/28/2015 - Algeria's government is considering reforming its subsidy system, covering everything from energy and gas prices to food costs, to reduce spending as the OPEC country struggles with a sharp fall in oi...
Algeria Sees Reserves Dropping Sharply In 2016
11/22/2015 - Algeria's energy earnings are forecast to fall to $26.4 billion next year while foreign exchange reserves will dip to $121 billion after low oil prices cut into the OPEC nation's economy, Finance Mini...

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