North Africa

Algeria

Within Opec, Algeria is perhaps second only to Venezuela in its inability to adapt to lower oil prices since 2014. Massive deficits are the direct legacy of spending largesse in the wake of the 2011 ‘Arab Spring’. More upstream investment is desperately needed but this will require improved terms, now promised for 2019.

Refining & Petrochemicals

Algeria Downstream Deals Reflect Sonatrach Strategy Shift

07 Dec, 2018

Algeria cut its 2018 trade deficit to $5bn with an oil products deal. With output down, exports down, and oil prices falling, this may be as good as it gets. ...

News in Brief

Algeria: Touat Nears Start-Up

16 Nov, 2018

Algeria’s 4.5bcm/y (435mn cfd) Touat gas project looks set to deliver first commercial output early in the new year.......

Oil & Gas

Repsol, BP & Eni Eye Algeria/Libya Border Bonus

09 November, 2018

Spain’s Repsol, the UK’s BP and Italy’s Eni all have key acreage on both sides of Algeria’s border with Libya, as does Algerian state firm Sonatrach.

Oil & Gas

Anadarko Eyes Algeria Extension

09 November, 2018

US independent Anadarko is the largest foreign oil producer in Algeria. It’s fields in the Berkine Basin – El...

Corporate

Eni Grows North African Presence

02 November, 2018

Eni and Total have signed offshore exploration agreements with Algeria’s Sonatrach, paving the way for the first offshore drilling in more than 40 years.

Corporate

Total Signs Up For Algeria Expansion

12 October, 2018

Total made landmark agreements to expand its petchems footprint in the Mena region this week with Saudi Arabia and Algeria.

Corporate

Abu Dhabi Plots $3bn Windfall From Cepsa IPO: What’s For Sale?

21 September, 2018

Abu Dhabi’s broad, some would say unwieldy, portfolio of oil firms includes Spain-based Cepsa. State investment firm Mubadala is looking to sell 25%.

News in Brief

Korea Oil Imports: Algeria, US Gain From Iran Slide

14 September, 2018

Freshly-released August data for South Korean crude and condensate imports show a collapse in volumes from Iran. Korea took...

News in Brief

Sonatrach LPG Train Award

07 September, 2018

Algeria’s state petroleum firm Sonatrach has provisionally awarded Italy’s Tecnimont a $248mn EPC contract for a fourth LPG train...

News in Brief

Algeria Gas Hopes Dashed As Touat Start-Up Pushed Back To 2019

07 September, 2018

Algeria’s key 4.5bcm/y Touat gas project has been pushed back to 2019, putting paid to the country’s hopes of a substantial 2018 hike to gas output.

Oil & Gas

Algeria: Alrar Advance

31 August, 2018

UK-based services firm Petrofac has received a “provisional letter of award” for a $600mn EPC contract with Algerian state...

Spain Gas Imports From Algeria (bcm): Piped Volumes Are Running At Record Levels Though LNG Is Down

31 August, 2018

Algeria’s Foreign Currency Reserves Fall To 12-Year Low Of $90bn At End-May As IMF Forecasts Further Slump ($BN, End Period)

13 July, 2018

Algeria's Generating Capacity Vs Peak Demand (GW)

22 June, 2018

Economics & Finance

Algeria Halves Trade Deficit, Thanks To Higher Oil Prices

31 August, 2018

Algeria is on track for a $4.2bn trade deficit for 2018, down 60% from 2017. But this is only thanks to higher oil prices. Export volumes of both oil and gas are down.

Economics & Finance

Algeria: Reserves Slump To 12-Year Low, But Country Has Bigger Problems

13 July, 2018

Algeria’s foreign reserves stood at just $90bn as of end-May, well under half levels during the 2011-14 years of...

Corporate

Algeria Gas: Alrar Boost

06 July, 2018

Algeria’s gas and condensate output got a boost from the 2 July start-up of a gas separation and booster...

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