Wednesday 1 April 2015
 
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Algeria

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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Sonatrach, GE to manufacture tools for oil sector

Algeria -based Sonatrach and GE have signed a Memorandum of Understanding to launch a joint venture to manufacture equipment used in the oil and gas industry, a report said. The company aims to produce drilling and production equi

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GTH to sell majority stake in Algeria telco for $2.6bn

Egypt's Global Telecom (GTH), formerly known as Orascom Telecom, will sell a 51 per cent stake in Djezzy for $2.6 billion while keeping operational control of the Algerian mobile operator, Global said in a statement on Sunday.

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Trevi Group wins big Saudi, Algeria energy orders

Trevi Group, a leader in the field of soil engineering, said one of its units has won an order for the supply of two rigs of 2000hp AC HSL (Hydraulic Swing Lift) from a drilling contractor operating in Saudi Arabia. The contract w

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Algeria energy minister says Opec should cut oil output

Algeria said that Opec should cut production to push oil prices up, adding that it did not share the views of big producers inside the cartel who prefer to let the market regulate prices, energy minister Youcef Y

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Ooredoo Algeria reaches 3.5m 3G customers

Ooredoo Algeria announced that it has reached the milestone of 3.5 million 3G customers in 25 provinces within the first year of the launch of the service. Ooredoo’s 3G network has been ranked as the fastest network in North

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Algeria plans oil and gas bidding round by Q3 2015

Algeria will open a new round of bidding for investment in its oil and gas fields by the third quarter of 2015 and may improve the terms for companies, the head of state energy company Sonatrach said.

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