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There is no shortage of interest in Algeria’s renewables plans. Whether it translates into investment remains to be seen.
Algers has been busy in recent months meeting its foreign partners and securing their interest in a renewables program that it hopes will alleviate the strain on the hydrocarbons sector and the treasury.
On 25 November 2016, Sonatrach and Italy’s Eni signed a framework deal. Eni CEO Claudio Descalzi says the Italian firm confirmed “its willingness not only to consolidate its presence in the oil and gas sector, but to promote sustainable development of the country through renewable energy and technology transfer” ( MEES, 16 December 2016 ). Eni is one of the largest foreign operators in Algeria with net output of 77,000 b/d oil and 116mn cfd gas. It is also partnering Sonatrach on the 40,000 b/d oil phase of the ‘Central Area Field Complex’ (CAFC) in the Berkine basin. Here “production start-up was achieved… at the end of the year , with start-up of six wells and linkage to the existing treatment facilities of the MLE project. The development activities are expected to be completed during 2017,” Eni says in its 2016 Factbook, released last week. (CONTINUED - 380 WORDS)