Africa > North Africa > Algeria > Petroleum / Mining

Petroleum / Mining in Algeria

  • Africa rejects Europe's 'dirty diesel'

    BOTSWANA, 2017/05/04 Ghana and Nigeria are the first countries to respond to reports of European companies exploiting weak fuel standards in Africa. Stricter limits on the sulfur content of diesel will come into force on July 1. Governments in West Africa are taking action to stop the import of fuel with dangerously high levels of sulfur and other toxins. Much of the so-called "dirty diesel" originates in Europe, according to a report published by Public Eye, a Swiss NGO, last year. The report exposed what Public Eye calls the "illegitimate business" of European oil companies and commodities traders selling low quality fuel to Africa. While European standards prohibit the use of diesel with a sulfur content higher than 10 parts per million (ppm), diesel with as much as 3,000 ppm is regularly exported to Africa.
  • Algeria aims to consolidate its position in industry

    INDONESIA, 2016/08/31 Algeria and an Indonesian group Monday signed three accords to invest $4.5 billion in phosphate mining, as the North African national aims to consolidate its position in the industry, officials said. The industry and mining ministry said the deals were signed by Algerian public companies Asmidal and Manal and Indonesia's Indorama Corporation.
  • Beyond Commodities: How African Multinationals Are Transforming

    BOTSWANA, 2016/05/11 Oil, gold, diamonds, palm oil, cocoa, timber: raw materials have long been linked to Africa in a lot of businesspeople’s minds. And in fact the continent is highly dependent on commodities: they constitute as much as 95% of some nations’ export revenues, according to the United Nations Conference on Trade and Development. But propping a country’s entire economy on commodities is risky business, like building a mountainside home on stilts. You can’t be sure about the weather, or in this case the commodities market. The current free-fall of oil prices to less than $40 a barrel is a glaring example. “The commodities cycle has tanked out,” says Austin Okere, founder of Computer Warehouse Group (CWG), a Nigerian emerging multinational financial services company. “And this time it looks additional structural than cyclical, so it’s not a matter of waiting it out. Something has to give.”
  • Algeria: Sonatrach, Gazprom Announce Oil Discovery in Berkin Basin

    RUSSIA, 2014/10/09 Sonatrach and its Russian partner Gazprom EP International B.V. announced Wednesday the successful completion of the drilling operation of Rhourde Sayah North-1 (RSHN-1)exploration wells, located at El Assel perimeter (block 236b) in Berkin Basin. This well, which reached a final depth of 4,120 m in the Ordovician resulted in a discovery of oil at flow rates of 8.5 m3/h of oil and 7.930 m3/h of gas, choke line 32/64, with a wellhead pressure of 1,949 psi, Sonatrach said in a statement. This association between the Algerian and Russian companies had by presently succeeded, part of previous research on this perimeter, to make two discoveries following the drilling of ZERN RSH-2-1exploration wells.
  • Investors confirming the interest of Algeria in the mining sector”

    ALGERIA, 2014/03/04 Hydrocarbons have long served as the backbone of Algeria’s economy, but in recent months, there has been a push to encourage activity in other extractive industries, following the introduction of new legislation aimed at increasing mineral production. The text of the new mining bill was approved by both the national assembly and the upper home in late January, and is seen as crucial to helping stimulate new exploration and production in the sector, with reforms improving both procedural transparency and fiscal incentives. According to Minister of Energy and Mines Youcef Yousfi, the law aims to entice investors by “confirming the interest of Algeria in the mining sector”, while as well highlighting the importance of sustaining job creation and environmental management.
  • Algerian Energy Minister Youcef Yousfi

    ALGERIA, 2013/03/24 One of the damaged Tiguentourine gas plant units will resume full operations next month, Algerian Energy Minister Youcef Yousfi announced on Thursday (March 21st).
  • The role of the regulatory hydrocarbons authority (ARH)

    ALGERIA, 2013/03/13 Changes in the new text should benefit investors who are expected to participate in the exploration of mining and renewal of hydrocarbon reserves. The tax benefits particularly refer to mining and non conventional hydrocarbons.The process called fracking for shale gas has some environmental ramifications and contracts will be subject to approval by the Council of Ministers 
  • Algeria army-backed oil security suffers biggest blow

    ALGERIA, 2013/02/10 Algeria's In Amenas field, where Islamist fighters seized dozens of foreign workers this week, is at the heart of an oil and gas region that has attracted international firms in recent years half because of its military-style security. "For this group to have attacked there, in spite of tremendous security, is remarkable. Even as an Algerian, I need a appropriate permit to go there," said Azzedine Layachi, an Algerian political scientist.
  • Natural gas to European nations from Algeria

    ALGERIA, 2013/01/08 The desire to channel natural gas to European nations from Algeria has suffered an extra setback because the date of the rendezvous between parties to make a decision concerning the viability of the project is still being clouded with ambiguity following an extra delay.
  • Algeria's oil and gas sector continues to flourish with new discoveries

    ALGERIA, 2013/01/07 The Algerian public energy group Sonatrach, along with several of its foreign partners from Russia (Gazprom), Thailand (PTTEP) and China (CNOOC), announced Monday that they had made two new discoveries of oil, some 800 km south of Algiers.