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Sun,19Nov2017

Algeria

Nigeria oil min says OPEC cuts unlikely, Algeria meeting could help price

Nigerian oil minister Emmanuel Ibe Kachikwu. Photo©Heinz-Peter Bader/ReutersNigerian oil minister Emmanuel Ibe Kachikwu said on Thursday that while a cut in OPEC production is unlikely, there is hope a meeting of producers in Algeria next month could help shore up crude prices.

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Algeria to implement 'new growth model' to cope with oil price drop

Algerian President Abdelaziz Bouteflika. Photo©Sidali Djarboub/AP/SIPAAlgeria pans to launch a new "economic growth model" for the next four years focussed on reforming the tax system to bring in more revenue and reduce dependence on energy exports.

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Oil & Gas: Total files arbitration against Algeria on oil tax change

Photo©Reuters/Wolfgang RattayFrench oil major Total has filed a request for arbitration against Algeria for changing profit-sharing terms on oil and gas contracts in the mid-2000s, Chief Executive Patrick Pouyanne said on Saturday.

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Algeria's oil and gas output increasing

Photo©ReutersAlgeria's oil and gas output is moving back to growth after years of stagnation, helped in part by increased production at the North African OPEC member's existing fields, state energy company Sonatrach said on Sunday.

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Algeria banking reform sees plans for Islamic finance

Boualem Djebbar, head of the state-run Banks and Financial Institutions AssociationAlgeria is preparing to launch Islamic financial services as the OPEC member seeks new ways to raise money after a sharp fall in energy earnings.

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Algeria orders $40 mn LPG vessel from China

LNG Storage. File photo©ReutersA subsidiary of Algerian state energy company Sonatrach has awarded two Chinese firms a $40 million deal to deliver a liquefied petroleum gas (LPG) carrier and an option to provide a second vessel.

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Oil & Gas: Algerian crude returns to U.S. East Coast

File photo©ReutersPhillips 66 has purchased a cargo of Algerian crude oil for its Bayway refinery in New Jersey for the first time since 2013, two sources said, the latest U.S. refiner on the East Coast to shun domestic crudes in favor of cheaper imports.

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African Union: All about number one

Nkosazana Dlamini- Zuma, at the centre of the AU summit group shot – and of unofficial speculation. Photo©ReutersThe AU goes into election mode as member states decide who to back for AU Commission chair at the next summit in July. The big question is whether Nkosazana Dlamini-Zuma will stand again or repair to South Africa to join the race for the presidency.

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Top 500 companies: How to thrive in 2016

The retail and utility sectors were the best performers in The Africa Report's Top 500 companies this year – based on 2014 company results – while oil and mining showed weaknesses that will continue to influence their results in 2015 and 2016.

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BP, Statoil to withdraw staff from Algerian plants after attack

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Mining: Algeria in talks with China over iron mining project

Photo©ReutersAlgeria is in talks with China to exploit one of the North African country's largest mining deposits as the OPEC member tries to diversify its economy away from oil and gas, an industry and mines ministry official said on Thursday.

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Oil & Gas: Algeria's Sonatrach to invest $3.2 bn in pipelines

File photo©Peter Komka/AP/SIPAAlgerian energy company Sonatrach will invest $3.2 billion over four years to increase pipeline capacity as natural gas output rises from new and existing fields, a top company official said on Tuesday.

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Top Oil & Gas Companies: Crude awakening for players large and small

Skikda oil refinery, 350 kilometers east of Algiers, Algeria. Photo©Anis Belghoul/AP/SIPAWith the oil price plummeting, lawyers caught up with the big boys while smaller players realised they'd been taken for a ride.

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Algeria: Local debt issue planned as oil price drop hits finances

Algerian Prime Minister Abdelmalek Sellal. Photo©Emmanuel Dunand/AP/SIPAAlgeria plans to issue local debt as a source of financing to offset the collapse in world oil prices, which halved government energy revenues last year, Prime Minister Abdelmalek Sellal said.

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Algeria: An idle, pricey presidential plane

Algeria's pricey presidential plane has rarely been rolled out of its hangar at the military airport in Algiers since it was bought in 2008.

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Algeria Country Profile 2015: The endgame beckons

altPresident Abdelaziz Bouteflika won a landslide re-election in April 2014, but his continued health problems after a 2013 stroke have brought talk about the succession to the fore.

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Tunisia and Algeria broaden war on Islamists

File Photo©ReutersAlgerian and Tunisian forces have upped a low-level conflict against Islamist militants operating on the Algerian-Tunisian border, officials have said.

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Algeria's generational change

The downfall of a powerful security chief heralds generational change.

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Nkosana Moyo: Africa needs its own version of the Airbus project

altIn private equity, as is indeed true in virtually all other areas of human endeavour, if you want to optimise cooperation between individual entities you have to create a maximal alignment between the intended participants' interests.

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Algeria: plans to reverse decline in energy production

Photo@ReutersAlgeriagasAlgeria plans to increase natural gas output by 13 percent by 2019, the energy ministry said, to reverse a decline in energy production in recent years that has hit its export earnings and spending policy.

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