Your search for algeria has returned 1255 results

The production of project materials is fully underway and the first shipments are on their way to Algeria. ...

In Africa, Algeria’s export revenues fell by almost $11bn to $21.8bn as a combination of production cuts and record oil consumption crimped export volumes (MEES, 23 February). ...

Algeria officially plans 15GW of renewables capacity by 2035. ... Algeria Renewables Capacity Is Stuck Below 500mw Excluding Barely-Used Hydro* (MW) Algeria’s total of 780GWh renewable-generated power for 2022 equates to less than 1% of the national total of 85.8TWh (MEES, 23 June 2023). ...

As such, though Qatar was Egypt’s largest supplier when it previously imported during 2015-2018, this time around Egypt will likely be limited to Atlantic Basin suppliers such as the US, Russia or Algeria. ...

“North Africa, Algeria in particular, they are investing a lot in enhancing their gas production capacity,” CEO Allesandro Bernini noted on his firm’s 5 March earnings call. Sonatrach CEO Rachid Hachichi says the project forms part of a strategy “to extract maximum value from Algeria’s hydrocarbon resources whilst avoiding imports and reinforcing the country’s domestic petchems industry.” ...

*Algeria, Turkey’s top LNG supplier, also leapfrogged Iran to take overall number three spot with 5.99bcm, level with 2021’s record volumes as the North African country’s overall LNG exports hit a 13-year high (MEES, 12 January) *The fall in import volumes is only in small part thanks to the much-trumpeted start up last April of Turkey’s largest gas discovery, Sakarya in the Black Sea. ...

But the deal also encompasses significant assets in Egypt and Algeria as well as non-SOO assets in Libya. ... The deal, which completed in October, boosted Wintershall’s stake in its sole Algeria asset from 19.5% to 24% (Sonatrach 40%, Repsol 36%). ...

Algeria’s annual oil stats for 2023 show a continuation of a trend seen in 2022, when a bid to maximize more remunerative gas exports saw liquids partially replace gas in domestic consumption. ... However, Algeria’s official NGLs output figure (condensate plus field LPG) rose by 3% to a six-year high 478,000 b/d for 2023, with December’s 491,000 b/d the highest monthly figure since early 2018. ...

Overall buying by the top five Asian importers (the top four of which were also the top four globally for 2023: France, with 21.4mn tons according to Kpler stats, was just ahead of Taiwan for number five) edged higher by 0.7% to 225mn tons for 2023 (see chart 1). This remains some 19mn tons (8%) below their record collective annual import figure of 243.9mn tons set in 2021. ...

Italy’s Eni on 31 January announced the completion of a $4.9bn deal struck last June to buy the bulk of the upstream assets of London-based Neptune Energy, including those in Algeria and Egypt (MEES, 30 June 2023). ...

For the first ten months of 2023, Turkey imported just 3.94bcm from Iran, down 50% year-on-year to fall well short of not only Russia (16.9bcm) and Azerbaijan (8.6bcm) but also top LNG supplier Algeria (4.8bcm: MEES, 12 January). ...

<p><strong>This is Part 2 of a MEES Libya Special Report published on 19 January 2024. Part 1 can be accessed here (MEES, 19 January). ...

In a bid to whip oil markets into shape, Saudi Arabia and four other Opec members, Iraq, UAE, Kuwait, and Algeria alongside non-Opec partners Russia, Kazakhstan and Oman agreed in late November to implement additional voluntary cuts through Q1, with the potential to extend if required (MEES, 1 December 2023). ...

Algeria’s overall piped gas exports, including to neighboring Tunisia, were down 2.9% at 35.4bcm for 2023. ... Algeria’s LNG exports remain well below the country’s nominal export capacity of 25.5mn tons. ...

UK-based North Sea-focused Harbour Energy is to take over most of the upstream assets of Germany’s Wintershall Dea including those in Egypt and Algeria in a complicated cash and shares transaction. ... Wintershall’s other Mena assets, which are part of the Harbour deal, include 17.25% of the BP-led 800mn cfd Raven/WND project in Egypt (MEES, 8 September), 24% of the 280mn cfd Reggane Nord gas project in Algeria (MEES, 24 February), and 12.5% of Libya’s TotalEnergies-operated 25,000 b/d Al Jurf offshore field. ...