Lower House: Bill on hydrocarbons adopted unanimously by deputies

The deputies of the lower House adopted, this Thursday, November 14, 2019, with the majority the draft law on hydrocarbons.

The draft law on hydrocarbons is, therefore, adopted by a majority of elected officials of the lower house of the Algerian parliament in a plenary session held today.

Members voted separately for each clause of the bill. The Finance Committee of the"...

Bill on hydrocarbons: Sonatrach to continue developing conventional energy

TIZI OUZOU- Minister of Energy Mohamed Arkab said Sunday, in Tizi Ouzou, that the bill on hydrocarbons aims to give the national hydrocarbon company Sonatrach all the means to continue developing the exploitation of conventional energy.

Speaking in a press briefing that he led jointly with Minister of Industry and Mining Djamila Tamazirt, on the sidelines of a working"...

Greenlight Planet partners with African telcos to reach 600 million consumers without electricity access

Greenlight Planet, a player in the rapidly expanding pay-as-you-go (PAYG) solar industry has partnered with major telecom operators in Africa.

Recognizing the natural synergy between the telecom and pay-as-you-go solar industries, the company is pursuing a strong telecom-focused strategy that aims to have a far-reaching impact on more than 600 million unelectrified consumers across the African continent.

The"...

Algeria's Falling Oil Output Shifts Focus to Shale Gas

After peaking at over 2 million b/d in 2007, BP reports that Algeria’s oil production was at 1.5 million b/d in 2018. The oil problems of late stem from a long list of factors, namely aging fields, too low prices, misguided economic policies, repeated project delays, not attracting investment partners, and infrastructure gaps. And all of these have been exacerbated by mass protests against the state and eroding economic conditions.

In turn,"...

APN: MPs deliver mixed opinions on draft law on hydrocarbons

ALGIERS- MPs expressed, Tuesday, mixed opinions about the draft law on hydrocarbons, proposed to the debate between partisans deeming imperative the revival of exploration activities to avoid the country an acute energy crisis, and opponents judging the economic situation inappropriate by proposing its postponement after the presidential election holding.

In a plenary session chaired by Slimane Chenine, Speaker of the People’s National"...

OLA Energy launches new fuel formulation

Oil marketer OLA Energy (formerly OiLibya) has launched a new fuel formulation as part of its growth and rebrand strategy in Kenya.

The new fuel is now available in Nairobi, Mt. Kenya and Mombasa fuel stations. It will be available across the entire network by the end of November 2019.

This move is part of OLA Energy management strategy to give additional value to customers"...

cippe2020 -- The Springboard to China’s Petroleum and Petrochemical Market

The 20th China International Petroleum & Petrochemical Technology and Equipment Exhibition (cippe2020) will be held at the New China International Exhibition Center in Beijing on March 26-28, 2020. Featuring 1,800 exhibitors, 120,000 professional visitors from 65 countries and regions, and 7 exhibiting halls of 90,000sqm, cippe2020 is a can't-miss event for anyone who wants to explore China’s petroleum and petrochemical market.

cippe"...

Polarcus secures 4D seismic project offshore West Africa

Polarcus has announced that an award has been received for a 4D marine seismic acquisition project offshore West Africa.

The project duration is approximately two months and is scheduled to commence in Q4 2019 following a scheduled class docking.

Polarcus is an innovative marine geophysical company with a pioneering environmental agenda, delivering high-end towed streamer"...

Sonelgaz-Imetal: Signature of convention for national integration

Algeria – Sonelgaz and Imetal groups signed, Tuesday in Algiers, a framework agreement to promote the local manufacture of steel and metallurgical equipment used in the electricity and gas sectors.

According to the signatories, this framework agreement aims at the conclusion between the subsidiaries of the two public groups of application contracts, program contracts and standing contracts, in their respective fields of activity.

The"...

Energy: Growing domestic demand for gas, oil products implies development of exploration

ALGIERS-Energy Minister Mohamed Arkab said on Sunday, in Algiers, that domestic demand for gas and oil products has grown by more than 7%, leading to a structural deficit between supply and demand on the domestic market by 2025-2030, which will have a negative impact on the country’s commitments to foreign customers.

In a hearing session followed by a debate before"...