Latest news
Algeria awards 4 oil, gas blocks out of 31
Algeria awarded four oil and gas field blocks of 31 on proposal to foreign conglomerates on Tuesday in its first try since an unsatisfactory 2011 bid to draw investors to facilitate compensate its idle production.
read more... 01/10/2014
Algeria is likely to increase oil and gas production
Algeria is aiming to increase its oil and natural gas production by 50% and 100 percent respectively within 10 years helped by major exploration success last year and by shale gas which would have an important role to achieve the ambitious plan. The minister projected Algeria's recoverable reserves at between 25 and 30 trillion cubic feet.
read more... 29/01/2014
EU and Algeria to take steps towards deeper gas cooperation
The European Union appreciates the value of Algeria as a key player in gas sector and supports its role in the region, according to European Commission president Jose Manuel Barroso.
read more... 10/07/2013
Repsol marks the second significant gas discovery in Algeria
Spanish gas giant Repsol announced it performed a significant discovery in Algeria at the Sud-Est Illizi block, near the border with Libya, being the second discovery since last November.
read more... 12/04/2013
ENEL looking for a stake in TAP
Italy's biggest power utility Enel is in talks to obtain a 20% stake in the Trans-Adriatic Pipeline (TAP), project that aims to pump Azeri gas to Europe. Enel, necessitates more gas to fire part of its power generation fleet and to sell to consumers. Enel is developing a LNG terminal on the island of Sicily and has a stake in the GALSI project, which aims to transport Algerian gas into Italy
read more... 28/03/2013