Tuesday 4 August 2015
 
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Sonatrach

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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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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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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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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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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