Data from the Oil and Gas Fields Encyclopedia on the specialized energy platform revealed that the fields shared between Algeria and Libya store massive reserves of oil and gas within the Ghadames Basin, estimated at about 50 trillion cubic feet of natural gas and 3.5 billion barrels of oil, making the area one of the most important hydrocarbon basins in North Africa. According to the encyclopedia data, the Algerian Hassi R'Mel field and the Libyan Al-Wafa field top the list of shared fields between the two countries, as technical studies indicate that they form a single geological reservoir extending across the Algerian-Libyan border. Watch the full content on Echourouk Online.
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.
Algeria - The General Directorate of Taxes announced today, Sunday, in a statement, the extension of the deadlines for subscribing and submitting a number of tax declarations for taxpayers subject to the real profit system and the single flat-rate tax system, in order to enable them to meet their tax obligations under the best conditions.
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.
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