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Old March 13th, 2019, 12:36 AM   #241
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New law on hydrocarbons: adoption planned in the 2nd semester 2019


March 10, 2019

After a long wait, it seems that the Ministry of Energy will soon finalize the final draft of the new law on hydrocarbons.

In order to convince major investors to take an interest in the Algerian energy market, Energy Minister, Mustapha Guitouni took advantage of the presence of major international companies at the North Africa petroleum exhibition and conference (Napec) which is held from 10 to 13 of this month in Oran, to emphasize the importance that the State gives to the reform of its legislation to adapt it to the requirements of the world market.

"We have taken the necessary measures in favor of the attractiveness of our country in the field of hydrocarbons,"said Guitouni this afternoon, during its inauguration of the 9th edition of NAPEC. As a result, "we have begun a review of the hydrocarbon law, especially its legal and fiscal provisions to encourage win-win partnerships and encourage investors to come to Algeria".

In this regard, he stressed that "the final draft of these new provisions will be adopted during the second half of the current year". The goal is "to create a more conducive business climate, especially as potential conventional and unconventional resources are immense".

101 $ billion investment in 10 years

On this occasion, he recalled that the energy sector in Algeria "spared no effort to boost exploration on the national territory, without losing sight of the potential of its offshore, previously marginalized."

In the sense that "the hydrocarbon sector, through its national company SONATRACH, has allocated during the last ten years (2008-2017) not less than 101 billion US dollars, or 8 300 billion DA, for all activities of the chain to produce 2,031 Million TEP of hydrocarbons ".

Giving details on the investments made in the exploration and production activity, Guitouni pointed out that "not less than 76,8 billion US dollars, that is 6,300 billion DA, were disbursed for these two activities".

For the year 2018, investments in Algeria reached 9.9 billion US dollars. Exploration and production alone accounted for 81.82 percent of the total investment, or US $ 8.1 billion, he said.

Regarding the downstream oil chain, the main objective "is to further improve our crude oil processing capacity that, following the rehabilitation program of the refining tool, launched in recent years,has passed from 22 million tons in 2008 to 30 million tons after the completion of the rehabilitation of the refinery of Algiers "added the Minister.

In addition, the Minister stressed that the authorities are working, continually to improve the national petrochemical industry, for the development of gas resources and products from refining.

For the marketing part, "we have the objective of marketing by 2030, 50% of gas in new markets and trading by redeploying the export of gas to value-added markets and optimizing the flow of liquids", underlined Guitouni.


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https://www.algerie-eco.com/2019/03/...semestre-2019/
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Old March 13th, 2019, 08:51 PM   #242
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Petrofac Secures USD1 Billion Project Development Contract In Algeria
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Wed, 13th Mar 2019

LONDON (Alliance News) - Petrofac Ltd on Wednesday said it has been awarded a contract, worth USD1 billion, with Groupment Isarene for the Ain Tsila development project in Algeria.

Groupment Isarene is the joint operating company set up by Algerian government-owned exploration company Sonatrach, oil & gas firm Petroceltic and Italian energy company Enel.

The oilfield services company said the Ain Tsila field is expected to produce gas and condensate for the local Algerian market and for export.

Under the terms of the 42-month contract, the lump-sum engineering, procurement and construction project scope of work includes commissioning, start-up and performance testing.

"This award builds on Petrofac's significant track record in Algeria where we have been operating successfully for more than 20 years, with a strong record for project execution and the development of local capability," said Petrofac Managing Director Sathyanarayanan.

"We are focused on delivering an effective, safe solution that meets our high standards and continues our commitment to the local energy sector," added Sathyanarayanan.

Petrofac shares were trading 3.6% higher on Wednesday at 482.15 pence each.
http://www.lse.co.uk/AllNews.asp?cod...act_In_Algeria
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Old March 18th, 2019, 08:23 PM   #243
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Sonatrach awards WorleyParsons a framework agreement in Algeria
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Mar 17, 2019

WorleyParsons has signed a five-year framework agreement with Sonatrach in Algeria. Under the agreement, WorleyParsons will provide project management services to support Sonatrach’s plans to develop its oil and gas production capacity over the next five years across a number of key projects.

Sonatrach is Algeria’s national oil and gas company and is regarded as the largest Algerian company. Sonatrach has previously announced its strategy for a significant investment program largely centred around the natural resources sector and, in particular, the oil and gas sector with the goal to become the fifth largest national oil company in the world (SH2030).

‘We look forward to working with Sonatrach in support of its SH2030 strategy’, said Andrew Wood, Chief Executive Officer of WorleyParsons.
https://www.energymixreport.com/sona...nt-in-algeria/
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Old March 18th, 2019, 08:41 PM   #244
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Algeria's crisis clouds the future for OPEC oil cuts
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March 17/2019

WASHINGTON, D.C. (Bloomberg Opinion) -- Meet the exclusive group of oil producers that nobody wants to join.

Algeria’s deepening political crisis has made its future oil production extremely uncertain. So, ignominiously, it is now the latest OPEC member to have become so vulnerable that it forms part of the “Shaky Six” group of nations suffering involuntary output cuts or at risk of seeing their production fall.

This adds yet another complication for the OPEC+ oil ministers as they gather in Baku, Azerbaijan today and tomorrow to assess the effectiveness of their latest output deal and what they need to do in the coming months to rebalance the oil market. A drop in Algerian supply would add to the cuts already being implemented, but make it more difficult for the group to forecast when they might be able to ease restrictions.

Algeria’s fate was sealed by 82-year-old President Abdelaziz Bouteflika’s decision in February to seek a fifth term in office in elections that were due to take place on April 18. This provoked mass street protests, which did not dissipate after he withdrew his candidacy March 11. Instead, they continued, as the president’s decision to delay the poll until after a national conference on the country’s political future was taken as as a disingenuous tactic to avoid real reform.

Crucially for oil markets, the demonstrations that continued Friday included the Mediterranean ports of Arzew and Bejaia, which handle nearly 90 percent of the country’s crude and condensate exports, according to Bloomberg tanker tracking. This need not present an immediate threat to production – the country’s oil and gas fields are situated far inland. But limited oil storage capacity means that any disruption to flows through export terminals from workers’ strikes could quickly hit output.

More worryingly, if the protests escalate, the attention of the Algerian security services may shift to quelling political unrest and away from protecting remote oil and gas fields. That could leave those facilities vulnerable to the types of attack that rocked the country in January 2013, when Al-Qaeda terrorists overran the In Amenas gas field and killed at least 38 hostages.

Political unrest isn’t conducive to inward foreign investment, but any drop in spending by foreign oil companies would take time to show up in falling output. The other OPEC+ members should nevertheless be monitoring the situation with extreme care. The experiences of some of the other members of the Shaky Six – Angola, Iran, Libya, Nigeria and Venezuela – offer disturbing precedents for the future of Algeria’s output.

The closest comparable may be Libya, where civil unrest has seen repeated attacks on oil infrastructure. Storage tanks have been destroyed in battles to control export terminals, limiting the ability to keep pumping when storms close the ports. Production at the country’s largest oil field is now recovering. It had been halted since December, when guards and armed residents seized the facilities over financial demands. The field was then taken over last month by forces loyal to eastern militia leader Khalifa Haftar.

Should the situation in Algeria deteriorate, it could suffer some of the same types of disruption, although perhaps not on the same devastating scale.

A repetition of the recent past of other group members may be less likely, but still can’t be ruled out.

Nigeria has had to contend with simmering discontent in its Niger River delta region, where repeated attacks on oil pipelines have prevented output from reaching its potential. Algeria should be able to avoid similar attacks, which rely for their success in Nigeria on the network of impenetrable rivers and creeks that give thieves a degree of protection and access to the sea for their ill-gotten gains.

Production in Iran and Venezuela has been hit by U.S. sanctions, and could fall further in the coming months as President Donald Trump increases pressure on the leaders of the two countries. In Venezuela, the restrictions have come on top of decades of mismanagement, which have seen the country’s production fall below a million barrels a day from nearly 2.4 million in late 2015. There may be no immediate prospect of sanctions getting levied on Algeria, but if the current political class is seen to be keeping a new leader from taking office, that certainly can’t be ruled out.

Algeria produces just over a million barrels a day of light, sweet oil, most of which is exported to refineries in Europe. From the perspective of global oil balances, any loss of Algerian oil shipments might be more easily replaced with light, sweet U.S. cargoes than has been the case for the heavier grades lost from Venezuela and Iran. But the replacement barrels will have to travel up to ten times as far to get to European refiners. That will cause further disruption to a sector that is already having to find replacements for the Iranian crude that they lost when the U.S. re-imposed sanctions in November.

Algeria’s mounting protests give OPEC+ and oil market analysts everywhere one more uncertainty to factor into their ever more complex models, making forecasts more difficult and decision making more complex. A peaceful transition in Algeria could shield the oil and gas industry from serious disruption. But the risks cannot be ignored.
https://www.worldoil.com/news/2019/3...-opec-oil-cuts
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Old March 19th, 2019, 02:46 PM   #245
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Azerbaijan, Algeria can establish cooperation in supply of liquefied gas
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Baku, Azerbaijan, 19 March 2019

Azerbaijan is ready to sign a memorandum of understanding with Algeria in the field of energy, as stated Azerbaijani Energy Minister Parviz Shahbazov during a meeting with the CEO of Algeria’s Sonatrach oil and gas company Abdelmoumen Ould Kadour, Trend reports referring to the Ministry of Energy of Azerbaijan.

The meeting was held as part of the 13th meeting of the OPEC/non-OPEC Joint Ministerial Monitoring Committee (JMMC).

According to the Shahbazov, this document will allow for expanding cooperation between the two countries in the implementation of energy projects, in the fields of the petrochemical industry, transportation and the sale of liquefied gas and oil products.

The 13th meeting of the OPEC/non-OPEC Joint Ministerial Monitoring Committee (JMMC) was held in Baku on March 18. A day before the JMMC meeting, Baku hosted the 27th meeting of the Joint Technical Commission.

Participants of the meeting discussed the current state of the oil market, existing problems and other issues. The event then featured a presentation on the pace of oil market development, and the report of the Joint Technical Commission on production figures for February.

New members of the JMMC were also elected by the end of the event – Iraq, Kazakhstan, Nigeria and the UAE.
https://en.trend.az/business/energy/3035290.htm
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Old March 20th, 2019, 04:43 AM   #246
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Bad News for Algeria
Algeria joins Angola, Iran, Libya, Nigeria and Venezuela, to form a “Shaky Six” of OPEC members suffering from production cuts




More here
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Old March 20th, 2019, 12:19 PM   #247
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Algeria isn't a major oil producer/exporter anyways.

Most of the country's hydrocarbons exports revenues comes from gas, as a major natural gas supplier of Western Europe.

Decline in oil production since a few years (from 1.4 Mbpd in 2008 to 1 Mbpd in 2019) is mainly due to lower investment in the sector during many years of low oil prices.
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Last edited by abdeka; March 20th, 2019 at 12:33 PM.
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Old March 20th, 2019, 08:55 PM   #248
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Nigeria: NNPC to Extend Gas Supply Line to Algeria
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This Day (Lagos) 19 MARCH 2019

Abuja — The Nigerian National Petroleum Corporation (NNPC) is to amend its planned northern corridor gas supply line to extend up to Algeria from Kano, a distance of over 2000 kilometres according to calculations by Google map.

The corporation also stated that it was making progress in its search for oil in the northern part of the country, adding that the Kolmani River-II Well which spud-in was flagged off last month by President Muhammadu Buhari, has so far recorded a drilling progress of 6,700 feet.

According to a statement , the Group Managing Director of NNPC, Dr. Maikanti Baru made the disclosures when he received an award from executives of the Petroleum Technology Association of Nigeria (PETAN). The statement signed by NNPC's Group General Manager, Group Public Affairs, Mr. Ndu Ughamadu, quoted Baru as saying that the target of the corporation for the Kolmani River drill was 14,200 feet, even as he added that the depth could be longer depending on findings.

He explained that President Muhammadu Buhari, has been supportive of the corporation's search for hydrocarbon resources in Kolmani River, and that its recent foray into inland exploration in parts of the country was part of the government's plan. Baru, told members of PETAN that in furtherance of NNPC's African integration drive, it was considering extending the ongoing Ajaokuta-Kaduna-Kano (AKK) gas pipeline system across the Sahara to Algeria in North Africa.

He reaffirmed the Federal government's plan to also extend the West African Gas Pipeline (WAGP) to Morocco, and commended PETAN for its contribution to the development of the Nigerian petroleum industry. According to him, the NNPC will continue to support the association. He said in this regards: "My pride in PETAN is that, today, we have the capacity and expertise as Nigerians to carry out any job in the Industry that was hitherto done by foreigners. As a champion of Nigerian content, we will continue to support you in whatever way we can."

The statement quoted the Chairman of PETAN, Mazi Bank Anthony Okoroafor, to have commended Baru for engineering transformation in every aspect of the petroleum industry since his assumption of office. Okoroafor, cited the resumption of exploration in the inland basins and the flag-off of Bonga South-west project which has been in the shelf for more than 10 years as fruits of Baru's visionary leadership and doggedness.

He stated that the association decided to Ho our him in recognition of his works in the industry, adding that PETAN was committed to the realisation of Nigeria's four million barrels per day production and 40 billion barrels reserve targets. The NNPC had seven months ago indicated that it was working with a Chinese consortium to work towards finalising the term sheet for financing of the 614 kilometres (km) AKK pipeline project estimated to cost $2.8 billion.
https://allafrica.com/stories/201903200055.html
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Old March 21st, 2019, 07:31 AM   #249
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Quote:
Originally Posted by abdeka View Post
Algeria isn't a major oil producer/exporter anyways.

Most of the country's hydrocarbons exports revenues comes from gas, as a major natural gas supplier of Western Europe.

Decline in oil production since a few years (from 1.4 Mbpd in 2008 to 1 Mbpd in 2019) is mainly due to lower investment in the sector during many years of low oil prices.
This still has a great impact on the Algerian economy, especially on the financial revenues for the Algerian regime, in other words Algeria wont any longer find enough money to buy social peace by silencing the political demands demanding the departure of the ruling gang as it did after the events of 2011..wait & see
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Old March 21st, 2019, 07:45 AM   #250
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Originally Posted by Geek-Dz View Post
This still has a great impact on the Algerian economy, especially on the financial revenues for the Algerian regime, in other words Algeria wont any longer find enough money to buy social peace by silencing the political demands demanding the departure of the ruling gang as it did after the events of 2011..wait & see
Have you been in a cave the last three weeks? Lmao
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Old March 21st, 2019, 08:27 AM   #251
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Have you been in a cave the last three weeks? Lmao
svp svp svp les algériens laissez moi tranquille et ne m'adressez pas je vous ai laissé votre forum haineux et raciste pour m'exprimer ici donc svp une autre fois ne m'adressez plus vous ou le reste des membres algériens avec tout le respect que je dois pour certains dans SSCA y compris vous. merci
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Old March 21st, 2019, 09:38 AM   #252
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Originally Posted by Geek-Dz View Post
svp svp svp les algériens laissez moi tranquille et ne m'adressez pas je vous ai laissé votre forum haineux et raciste pour m'exprimer ici donc svp une autre fois ne m'adressez plus vous ou le reste des membres algériens avec tout le respect que je dois pour certains dans SSCA y compris vous. merci
Habibi with all due respect, you can’t come on here bashing Algeria and then ask Algerians to leave you alone lol. You’re on an Internet forum not your house. As for the rest of your message, I’m sorry that you dealt with a bad case of people on SSCA, again this is the internet not your house or neighborhood. You’re here making statements about Algeria, which again is fine no problem. But again so long as you do so expect people to reply. But I’ll make it easy for you, keep talking about Algeria (no problem again) expect Algerians to respond have a nice day bud.
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Old March 26th, 2019, 04:58 PM   #253
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Drop in oil exports in January: Sonatrach's explanations
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March 25,2019

ALGIERS - The 40% drop in Algeria's hydrocarbon exports in January 2019 (exports of $ 2.14 billion compared with $ 3.6 billion in January 2018) can be explained by several factors, said Monday Sonatrach's vice president of marketing activities, Ahmed El-Hachemi Mazighi, in an interview with APS.

According to him, in January 2019, "There was a lot of port logging because of bad weather, so a lot of shipments of crude oil, refined products or LNG / LPG went from January to February".

"We should not take into account the January figures alone, because all the liquid products that were to be exported during this month (January 2019) slipped to February 2019 because of the closure of the ports" for meteorological reasons, he explained.

In this regard, he said that over the two months of January and February 2019, Algeria exported $ 6,086 billion against $ 6,630 billion during the same period of 2018.

"So we have a decline of 8% reflecting the decline in the average prices of our export achievements : in the first two months of 2018, this price was 68 dollars/ton of oil equivalent (toe) before falling to 62,7 dollars/toe in January-February 2019. The price of Brent, which drives the prices of all hydrocarbons we export, has just dropped slightly, " said the same responsible.
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http://www.aps.dz/economie/87275-bai...s-de-sonatrach
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Old March 26th, 2019, 05:58 PM   #254
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ADES International buys last four rigs from under Weatherford deal
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26/03/19

Oil and gas drilling and production services provider ADES International Holding has completed the acquisition transaction with Weatherford International and receipt of the final two onshore rigs in Algeria, it announced on Tuesday, with a further two rigs delivered outside of Southern Iraq for relocation to Saudi Arabia.

The London-listed firm said the acquisition cost was $20m for the Algerian rigs, and an additional $12m for the Southern Iraq rigs, for a total consideration of $32m for the four rigs.

It said the transaction was the final segment of the previously-signed definitive agreement with a subsidiary of Weatherford to acquire 31 onshore drilling rigs, for a total consideration of $287.5m, including 12 rigs in Kuwait, 11 in Saudi Arabia, six in Algeria and two rigs delivered outside of Southern Iraq for relocation to Saudi Arabia.

“With the Weatherford acquisition now complete, we have effectively tripled our fleet size and more than doubled our number of operating rigs across an expanded geographical footprint,” said chief executive officer Dr Mohamed Farouk.

“Our strategy in 2019 will focus on organic growth and on capitalising on the increased tendering capacity afforded by the eleven uncontracted rigs acquired through the transaction.

“We expect to extract synergies from our larger fleet and are pushing forward an asset integration program to manage the rapid operational growth.”
https://www.sharecast.com/news/news-...--3808132.html
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Old March 29th, 2019, 08:20 PM   #255
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Gaid Salah's call for the implementation of Article 102: at the origine of higher gas prices in Europe
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March 28, 2019/12: 19

The recent statement by Chief of Staff Ahmed Gaïd Salah, who called for the application of Article 102 of the Constitution to oust President Abdelaziz Bouteflika, would have had an impact on the gas market in Europe, including on prices which rose slightly Tuesday night, reports Wednesday, the analyst firm S & P Global Platts.

Recalling that Algeria is a major supplier of gas for southern Europe, the cabinet said that by 2018, Algeria had supplied 33 billion cubic meters of gas to Europe by pipeline. It has also shipped 15 billion M3 of liquefied natural gas (LNG), mainly to European countries. Which means according to the same source that "any interruption of deliveries would be of a serious concern for the European market".

"The decision of General Ahmed Gaïd Salah, who called for the implementation of Article 102 of the Algerian constitution, which could force the president to resign if it is proven that he is unfit to govern, may have contributed to a slight rise in gas prices in Europe on Tuesday night, "traders told the firm analysis. For other traders interviewed by the same source, they explained the rise by other factors, including weather.

S & P Global Platts believes that "the country remains politically paralyzed" and that even if "the intervention of General Gaid Salah could help pave the way for a new political era in Algeria," but "uncertainty" will persist and the future of the country may enter "an unknown stage".

"The evolution of the political situation in Algeria could well influence market feeling and price movements on European hubs over the next two weeks, since the country provides around 10% of the EU's total gas demand." Said Greg Molnar, a gas analyst in the International Energy Agency.

While some traders have minimized the impact of the situation in Algeria, the news has caught the attention of market players, notes the energy analyst firm. "Algeria may have been the trigger [of the late price increase] but the news should be downtrended, the people want Bouteflika to resign. The army is now on the side of the people, everything is fine," said a Dutch gas trader.

Another UK-based trader reacted in the same way. "It's not like there's going to be a civil war," he said. "It's the contrary. People want Bouteflika to be removed. If the army so wishes, who will oppose who? " He explained.

According to S & P Global Platts, Algerian gas pipeline exports to southern Europe have fallen to an average of 34 million m3/d since the beginning of March, due to weak European demand and contractual agreements between Sonatrach and its customers from southern Europe.

Sonatrach's vice president of marketing activities, Ahmed El-Hachemi Mazighi, explained this week in an interview with the Algerian official news agency that European gas customers have "significantly" reduced their monthly, weekly and daily gas orders in 2019 because of the mild weather that has reduced demand.

"We even felt this phenomenon on the national market and were forced to reinject a growing portion of gas in the Hassi R'mel field," said Mazighi.

Algeria's oil and gas export revenues declined 7.5% in January and February 2019 compared to the same period of 2018, from 6.6 to 6.1 billion dollars, said the analysis firm.

"In the first two months of 2019, the volume of exports by pipelines decreased by 23% compared to the same period of 2018, due to the drop in demand from European customers," Mazighi told the official agency.
translated from:
https://www.algerie-eco.com/2019/03/...s-prix-du-gaz- en-europe /
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Old March 29th, 2019, 08:29 PM   #256
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Africa’s gas reserves hit 614trn cubic feet – NNPC GMD
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Mar 29, 2019
Africa’s huge gas reserves currently stood at about 614 trillion cubic feet, even as Nigeria had the continent’s largest reserves with 199 trillion cubic feet , Algeria (159 trillion cubic feet) and Mozambique (100 trillion cubic feet) occupying the second and third positions respectively, the Group Managing Director of the Nigerian National Petroleum Corporation, Dr.Maikanti Baru has said.

Dr. Baru, who disclosed this while delivering the 36th Monthly Gas Lecture held at the Headquarters of the Gas Exporting Countries Forum (GECF) in Doha, Qatar, on yesterday,said GECF member-countries currently produced 93% of Africa’s natural gas, a significant assurance which highlighted the continent’s future in the natural gas landscape.

He said that the enormous natural gas reserves in Africa is capable of unlocking the huge natural resource potentials, such as gold, diamond, iron ore and steel in the continent, to enable a wide range of industrial clusters built around petrochemical, manufacturing, agro-business and fertilizer production.

He explained that the focus in gas development in Africa was to intensify efforts in in-continent conversion which would ensure value addition across the entire natural gas value chain, with a view to improving the continent’s economy.

He added that in deliberately channeling natural gas development towards meeting up with domestic and export aspirations, Nigeria’s strategic plan had been hinged on three key areas.

“This focus will be on developing natural gas to meet Nigeria’s gas-to-power aspirations, gas-based industrialisation and harnessing our gas for export credentials.
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Old October 1st, 2019, 02:09 PM   #257
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Sonatrach increases the price of its oil

30/09/2019

The national oil company Sonatrach has decided to increase the selling price of its oil barrel Sahara Blend for the month of October, reported Reuters on Monday.

The selling price of a barrel of Sahara Blend is now worth the price of a barrel of Brent + 75 cents. It was previously priced at a barrel of Brent - 10 cents in the month of September, said the same source.

The price of Brent was around $ 61.53 on Monday, September 30 at 10 am (Algiers time), placing the current value of Sahara Blend to 61.43 dollars. With a price at the same price next month, the barrel of the Sahara Blend would be $ 62.28.

Algeria produces about one million barrels a day. This change should allow Sonatrach to earn $ 850,000 more each day.
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https://www.tsa-algerie.com/sonatrac...e-son-petrole/
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Old October 1st, 2019, 05:48 PM   #258
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Algeria's Sonatrach says it discussed partnerships with Exxon Mobil

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ALGIERS, Sept 30 (Reuters)
Algeria’s state-owned Sonatrach held meetings with Exxon Mobil last week to discuss possible partnerships, a Sonatrach statement said on Monday, a week after it said it had talked with Chevron Corp.
Sonatrach gave no further details of the September 25 and 26 meetings but the energy producer has said it wants to boost output to increase revenues after a decline in prices hit its budget.
Some 95% of Algeria’s foreign revenue comes from oil and gas sales. Since energy prices dropped in 2014, its foreign exchange reserves have fallen to $72.6 billion from $178 billion.

The talks with foreign oil majors come at a sensitive time for Algeria after mass protests in February unseated veteran president Abdleaziz Bouteflika, creating a constitutional limbo that the army hopes to resolve with an election in December.
Algeria, a member of the Organization of the Petroleum Exporting Countries and a major gas supplier to Europe, has struggled to lift production to meet rising domestic demand, while foreign investors have often baulked at contract terms.

Sonatrach has a deal with Britain’s BP and Norway’s Equinor to develop Algeria’s shale gas reserves, but industry sources said in March that talks with Exxon on developing a gas field had stalled.
Algeria is expected to amend its energy law to encourage foreign investors but without ending a rule that maintains majority local ownership.
https://af.reuters.com/article/alger.../idAFL5N26L5US
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