Algerian state energy company Sonatrach plans to intensify exploration by drilling 125 wells a year with a target of increasing production to 225 million tonnes of oil equivalent by 2019, it said.
The North Afr
Egypt will import six cargoes of liquefied natural gas from Algeria between April and September next year, the oil ministry said on Thursday, helping to ease an energy crunch that has plunged the country into repeated blackouts this year.
The Elaf Group of Companies, a leading travel and tourism group, has revealed its move to expand its presence in the Middle East region through the promotion of its key products and services at the Egyptian and Algerian editions of the Arab Inte
French carmaker Renault opened its first plant in Algeria on Monday at a cost of €50 million ($62 million) to boost its presence in Africa's second-biggest auto market.
The group set an initial production target of 25,000
The tanker Carabobo carrying Algerian light crude to Venezuela has finished unloading at Jose terminal and has set sail to the Caribbean island of Saint Eustatius, where it will deliver the rest of its content, according to Reuters ve
Algeria is preparing a new auction of oil and gas blocks, an official said, after the North African country awarded just four of 31 fields last month in the first attempt to lure foreign investors since 2011.
Tunisia lost about a third of its French tourist bookings to cancellation shortly after the beheading last month of a French traveller by Islamist militants in neighbouring Algeria, the country's tourism minister said.
Algeria awarded four of 31 oil and gas field blocks on offer to foreign consortiums in its first energy auction since 2011 and nearly two years after a militant attack on the country's Amenas gas plant killed 39 foreign oil contractors.