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Algeria and ENI ink solar plant agreement
Algerian state energy firm Sonatrach has inked an agreement with Italian company ENI for a solar power plant, as declared by a state news agency APS on Friday, since the North African state looks to reduce domestic consumption of gas for electricity and export more.
read more... 26/09/2016
Daily: Crude oil prices rally over 4 percent on oil producers meeting, IEA tighter market forecast
Crude oil prices posted the highest level in a month, hiking over 4 percent on Thursday, after Saudi Energy Minister Khalid al-Falih stated that oil producers would discuss potential action to prop up oil prices during a meeting next month in Algeria, move that triggered a round of buying. Additionally, The International Energy Agency forecasted an ample draw in global oil stocks in the next few months that would help tighten a glut that has persisted since 2014. U.S. crude closed at $43.49 per barrel, up $1.78 or 4.3 percent, while Brent crude advanced $1.99 or 4.5 percent , to end at $46.04, after both rallied more than 5 percent during the session.
read more... 12/08/2016
Algeria: Sonatrach will invest $3.2 billion in pipelines
Algerian energy firm Sonatrach will invest $3.2 billion over four years to raise pipeline capacity since natural gas production increases from new and current fields, a major company representative declared on Tuesday.
read more... 09/03/2016
Algeria committed to slash carbon emissions by 7% by 2030
Algeria has become the latest country to announce its greenhouse gas (GHG) emission reduction target.
read more... 07/09/2015
Egypt inks agreement to import LNG from Algeria
Egypt inked an agreement on Monday to import liquefied natural gas from Algeria between April and September, as stated by the oil ministry, since it aims to reduce a chronic energy shortage.
read more... 02/01/2015