Figures and movements in Algeria's energy sector reveal a notable expansion of Algerian influence within the African continent, through a cooperation network that includes Egypt, Libya, Ivory Coast, Mozambique, Niger, Chad, and Mauritania, supported by oil, gas, and electricity projects that go beyond traditional trade exchanges towards long-term production and investment partnerships. According to a report from the specialized energy platform, a contract for the development of the Hassi Bir Rekaiz field has been signed with investments nearing one billion dollars, which includes the establishment of a central processing unit with a capacity of 31,500 barrels per day, along with facilities for processing gas and produced water, in a move that reflects the expansion of Algerian partnerships in production projects within the continent.
Algeria - The process of expanding the powers of public administration representatives at the one-stop shops of the Algerian Investment Promotion Agency continues, through the delegation of State Property Administration representatives to prepare and sign lease contracts for economic land, as part of simplifying administrative procedures and accelerating the realization of investment projects.
Verification of sanctions lists and individuals and terrorist entities within a mandatory 24-hour passage through banking channels for all real estate transactions, allocating more than 20 percent of the chamber's budget to enhance oversight, inspecting all notary offices nationwide in four oversight rounds. Abdel Salam Boujmaline, Vice President of the National Chamber of Notaries, reveals in an exclusive interview with “Echorouk” the behind-the-scenes of the battle Algeria fought to exit the gray list of the Financial Action Task Force “GAFI”, and the role notaries played in achieving this accomplishment, confirming that this gain paves the way for removing Algeria from the European Union's blacklist, which would enhance investor confidence and facilitate transactions.
Algeria - The SONATRACH group reported in a statement on Sunday that the agreements signed in Berlin with the companies Bosch and Siemens Energy, on the sidelines of the official visit by the President of the Republic, Mr. Abdelmadjid Tebboune, to Germany, will enhance cooperation between the two countries in the field of energy transition.
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