The national oil company SONATRACH and the Tunisian Electricity and Gas Company (STEG) have decided to renew the contract to buy and sell natural gas for eight years, until 2027, the group said on Thursday.

A consortium made up of SONATRACH and its two partners PTTEP and PVEP, on the one hand, and the Italian company specialized in Mayor Engineering Tecnimont, on the other hand, have signed an Engineering, Procurement & Construction (EPC) contract for the completion of a second Oil Treatment train (CPF) at the Bir Sebaa field, 40 km from Hassi Messaoud, said a company press release.

The national oil company SONATRACH has become the majority shareholder in Medgaz SA, after having completed on Saturday a transaction to acquire 19.10% of the shares held by the Spanish company CEPSA Holding in this company.

SONATRACH successfully proceeded on April 02, 2020, to gas the GR7 / 48 '' “Expansion of STC GR5” gas pipeline with a length of 344 km connecting the Cutting station N ° 4 (PC4) located in El Menia in the wilaya of Adrar at the Cutting Station N ° 7 of Hassi R'mel in the wilaya of Laghouat.

SONATRACH Group CEO Toufik Hakkar yesterday installed several new Vice-Presidents at Group Management level following their appointment by the President of the Republic, the national energy company said in a press release.

The national hydrocarbon company (SONATRACH) and the American oil company Chevron have signed a memorandum of understanding to initiate joint discussions on partnership opportunities in the hydrocarbon industry, a statement said on Monday.

The Organization of the Petroleum Exporting Countries (OPEC) and its main Russian ally did not reach agreement last Friday to amplify their production cuts in order to stem the fall in crude prices affected by the epidemic of new coronavirus , said Russian Minister of Energy Alexander Novak.

The National Hydrocarbons Company SONATRACH announced Tuesday in a press release, having carried out in partnership with the Italian group ENI, the construction of the gas pipeline which connects the sites of Bir Rebaa North (BRN) and Menzel Ledjmet East (MLE) in the Berkine Basin, in the south-east 320 km from Hassi Messaoud (wilaya of Ouargla).

Prime Minister Abdelaziz Djerad inaugurated the production units of the Sidi Arcine refinery in Baraki (Algiers) on Monday after the completion of rehabilitation works in February 2019.

The new Chairman and Chief Executive Officer (CEO) of the SONATRACH Group, Toufik Hakkar presented, Thursday in Algiers, the main lines of the Group's action plan, affirming the commitment of SONATRACH to fulfill its role as an "economic leader" aimed at creating added value and contributing to the diversification of the economy.

The Minister of Energy, Mohamed Arkab, said on Wednesday in Algiers that the Energy Transition Program provided for in the Government's Action Plan will allow Algeria to achieve sustainable development.

Algeria and Turkey signed on Sunday in Algiers an agreement renewing the contract for the supply of liquefied natural gas (LNG) for the next five (05) years, said the APS the Minister of Energy, Mohamed Arkab.

SONATRACH President and CEO, Mr. Kamel Eddine Chikhi, received on Tuesday January 14, 2020 at the Company's headquarters, a delegation of representatives from the United States Department of Energy and the US Trade and Development Agency (USTDA) led by John P.

The new law governing hydrocarbon activities, which introduces a revision of the fiscal, legal and institutional framework relating to this sector, was published in the Official Journal (n 79).

Yesterday, new members of the government assumed their duties at the head of ministries, during a ceremony to receive and hand over tasks in their sectoral departments.

Dozens of citizens went out yesterday evening in Tindouf in a march to condemn foreign interference and express their support for holding the presidential elections as scheduled on December 12.

The national oil company SONATRACH and the French energy group ENGIE have entered into medium-long-term agreements for the sale and purchase of liquefied natural gas and natural gas pipelines, SONATRACH said in a statement.

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.