Wednesday 1 July 2015
 
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Algeria

Lower energy exports widen Algeria trade deficit

Opec member Algeria recorded a trade deficit of $6.3 billion for the first five months of 2015, compared to a $3.44 billion surplus a year earlier, due to lower energy earnings after global oil prices slumped, official data showed.

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Lower energy exports widen Algeria trade deficit

Opec member Algeria recorded a trade deficit of $6.3 billion for the first five months of 2015, compared to a $3.44 billion surplus a year earlier, due to lower energy earnings after global oil prices slumped, official data showed.

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Sonatrach diverts Europe gas to Asia, eyes Latam LNG deals

Algeria's state-run energy firm Sonatrach expects to continue diverting gas supplies away from Europe towards Asia as it also explores potential new long-term supply deals with South American importers, a top official said. &n

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Sonatrach diverts Europe gas to Asia, eyes Latam LNG deals

Algeria's state-run energy firm Sonatrach expects to continue diverting gas supplies away from Europe towards Asia as it also explores potential new long-term supply deals with South American importers, a top official said. &n

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Sonatrach appoints new chief executive

Algeria's state energy firm Sonatrach has named Amine Mazouzi as its new chief executive to replace interim chief Said Sahnoun, who had been appointed less than a year ago, according to two industry sources on Sunday. An offic

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Algeria to invest $215bn in infrastructure

Algeria is set to invest $215 billion in publicly funded infrastructure during 2015-2019, with a focus on hospital construction and renovation, transportation infrastructure, wastewater management and desalination, and ports/airports.

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Algerian former oil executives on trial in graft scandal

A group of top former Algerian state oil company officials including an ex-chief executive went on trial for corruption in a scandal involving foreign suppliers.   The so-called "Sonatrach 1" case is ju

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ZTE in deal to build Algeria LTE network

China-based ZTE Corporation,  a leading provider of telecommunications equipment and network solutions, has signed a deal to build Algeria Telecom’s LTE Phase II project. Algeria Telecom is the only public fixed communi

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Sonatrach to spend $90bn on exploration

Algeria's state-owned Sonatrach plans to invest $90.6 billion in oil exploration over the next five years, a report quoting its CEO said. About eight per cent of the spending will be used for fuel transport, Said Sahnoun said

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Algeria to drill first offshore well; says refining output up

Algeria plans to drill its first offshore oil well by the end of 2015, having boosted annual refining output to 31 million tonnes at the end of last year, Energy Minister Youcef Yousfi said. Output was 25 million tonnes when the country

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