Monday 31 August 2015
 
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Algeria

Algerian dinar hits historic low versus dollar

Algeria's currency has slipped to a record low against the US dollar, a central bank source said Monday, as falling crude prices more than halved vital oil revenues and hit public finances. The central bank, which keeps the di

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Algeria boosts oil output by 32,000bpd

Opec member Algeria has increased crude oil output by 32,000 barrels per day after starting production at two fields, an energy ministry official said on Sunday. Production increased on Saturday when the Bir Sebaa field started pr

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Sonatrach raises August Saharan Blend crude OSP

Algeria's Sonatrach has set its Saharan Blend crude oil official selling prices (OSP) for loading in August at a premium of 45 cents per barrel to dated Brent, it said.   The July OSP was set at a discount of

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Algeria trims spending; oil revenues down 50pc

Algeria will trim spending in its 2015 budget by 1.35 per cent as it expects energy earnings to fall 50 per cent due to a slump in oil prices, the government said.   Oil and gas account for 95 per cent of Algeria

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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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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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