Energy officials have warned Sunday in Algiers against a structural energy crisis looming in 2030 due to a reduction in the country's energy supply against a strong internal rise , saying that the new law on hydrocarbons is likely to spare the country this crisis.
The draft law on hydrocarbons, adopted Sunday by the Council of Ministers, is a legal framework for the development of investment in the entire energy sector, including mining, making it more attractive to the eyes of the public.
The proposal to hold the next ministerial meeting of the Gas Exporting Countries Forum (GECF) in Algeria in November 2020 was accepted by its members, while the Minister of Energy, Mohamed Arkab, was appointed chairman of this meeting, said Thursday a statement from the SONATRACH National Company.
The National Hydrocarbons Company (Sonatrach) will soon announce the renewal of its long-term gas contracts with certain countries, having renewed, in 2018, the contracts with four European countries, said its CEO, Rachid Hachichi.
The national company Sonatrach takes part in the International Conference "Gastech" which takes place from September 16 to 19 in Houston (Texas) in the United States of America, said Tuesday a statement of the National Oil and Gas Group.
The Algerian tanker "MESDAR", was blocked Friday at 19:30 by the Iranian Navy and released at 20:45, immediately after the contact of the Algerian authorities with their Iranian counterparts, said Sunday the national oil company, SONATRACH.
SONATRACH explained Tuesday the procedures associated with Algerian gas exports abroad, reiterating in a note that all long-term gas sales were governed by supply contracts subject to the principle of "Take or Pay".
As part of the implementation of the Memorandum of Understanding signed in Algiers on 25 April 2019 between SONATRACH and ENI, the parties confirmed on May 16, 2019 their respective will to continue their long-term cooperation and partnership in the field.
The national oil company, SONATRACH, will continue to place the partnership with international companies wishing to invest in Algeria, at the center of its development strategy, said its CEO, Rachid Hachichi.
Sonatrach's relations with its partners "continue in a normal way," the Vice President of Marketing Activities of the National Oil Company, Ahmed El-Hashemi Mazighi, said in an interview with APS on Monday.
The Isarene Group (Incorporated by SONATRACH, Petroceltic and Enel) and PETROFAC International (UAE) LLC today signed an EPC contract for the development of the AIN TSILA gas field located in the ISARENE perimeter, 160 km northwest of Illizi wilaya.
The national SONATRACH company, in partnership with the Directorate of Training and Vocational Education of the wilaya of Ouargla, launched on Monday the first promotion of pipeline welding training for young people in the region.
The Sonatrach Group signed an agreement Monday in Algiers with the oil companies BP (United Kingdom) and Equinor (Norway), for the exploration and development of unconventional resources in the basins of southwestern Algeria, said the group in a statement.