Investment News in Algeria
| 5/28/2022 - SONATRACH and its partner SINOPEC Overseas Oil & Gas Limited (SOOGL) proceeded in Algiers to the signing of a production sharing contract relating to the contractual perimeter of Zarzaitine, located i... |
| 12/1/2021 - PTTEP unveils its 2022 investment plan and 5-year investment plan (2022-2026) with primary focuses on maintaining production volumes and increasing petroleum reserves from major assets, developing k... |
| 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... |
| 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 ... |
| 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,... |
| 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 ... |
| 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. ... |
| 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 ... |
| 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... |
| 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. ... |
| 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. ... |
| 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. ... |
| 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. ... |
| 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. ... |
| 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. ... |
| 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. ... |
| 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... |
| 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. ... |
| 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. ... |
| 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... |
