Sonatrach has increased its stake in the Medgaz pipeline to 51%, following the completion of a deal with Spain’s Cepsa.
Occidental Petroleum will continue to hold its Algerian assets following its inability to conclude the sale of them to Total.
Algeria’s Sonatrach has signed a memorandum of understanding (MoU) with Russia’s Lukoil, following a number of similar agreements.
Eni has reached a deal with the US Securities and Exchange Commission (SEC) to pay a fine to resolve sham payments in Algeria by Saipem.
Sonatrach has signed a memorandum of understanding (MoU) with ExxonMobil, shortly after similar agreements were reached with Zarubezhneft and TPAO.
Sonatrach has signed early-stage agreements with Russia’s Zarubezhneft and Turkey’s TPAO.
Sonatrach began filling the GR7 pipeline with gas on April 2, connecting new supplies to Hassi R’mel.
Sonatrach has confirmed it plans to cut its spending in 2020 by 50%, pushing back projects that are not urgent, the company’s CEO Toufik Hakkar told a local newspaper.
Coronavirus has begun to spread in Africa, triggering governments to impose lockdowns and take steps to tackle the pandemic.
Sonatrach has signed a memorandum of understanding (MoU) with Chevron, the Algerian company said.
Sonatrach and Eni Algeria Production have signed an agreement on the marketing of dry gas from the Zemoul El Kbar licence, until 2042.
Algeria’s Sonatrach has signed an engineering, procurement and construction (EPC) contract with Tecnicas Reunidas and Samsung Engineering on a new refinery at Haoud El Hamra, in Hassi Messaoud.
Algeria goes to the polls today in a widely disputed election that aims to move the country on from its political quagmire, although this seems unlikely.
Sonatrach’s new head was installed on November 17, with Kamel Eddine Chikhi replacing Rachid Hachichi at the top of the Algerian energy company.
Algeria’s cabinet has approved proposed changes to the country’s hydrocarbon law.
Neptune Energy has announced the export of first gas from the Touat development in Algeria.
Arab Spring-style protests have rocked Europe’s third-biggest natural gas supplier. Thousands of young Algerians have taken to the streets, fed up with an octogenarian president who’s been in power for 20 years and a weak economy that doesn’t generate enough jobs. While the rare public display of dissatisfaction has sparked a political crisis in the authoritarian state, the country’s energy exports haven’t been disrupted.
First gas has entered the facilities for Neptune Energy and Sonatrach's Touat project in Algeria as part of the commissioning stage.
Former bosses at Italian oil giant Saipem were convicted of international corruption by the Court of Milan last night.
Oil services firm Petrofac has announced today that it has agreed a £543 million deal with Sonatrach for the Tinhert field development project in Algeria.
Algeria’s energy industry is open for business.
A new extension deal has been struck by partners Total, Sonatrach and Repsol to extend the drilling and development of the Tin Fouyé Tabankort (TFT) gas and condensate field in Algeria.
French oil firm Total has today announced first gas from its Timimoun field in south-western Algeria.
Italian oil service company Saipem said today that it had been ordered to pay Algerian firm Sonatrach $135million in compensation in connection with a construction project.
French oil major Total has agreed a pact with Algeria’s state energy company.