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
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
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.