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.
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.
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
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
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
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
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.
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
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