Oil, gas, petrochemicals, Sonatrach, and energy sector developments
Algeria - The National Agency for the Valorization of Hydrocarbon Resources (Naftal) and the European Association of Geologists and Engineers are organizing an international meeting from May 11 to 13 in Algiers, which will include two technical workshops dedicated to exploiting hydrocarbon potential offshore and recovering mature fields, according to Naftal.
aps.dz
Amid a global energy crisis due to the ongoing war in the Middle East, a European organization has released a strange report about Algerian gas, claiming it is environmentally harmful and that burning operations in the fields are still ongoing, in an attempt to paint a bleak picture of one of the most important energy suppliers to Europe, at a time when the need for reliable sources of this vital energy resource is increasing. Commenting on the report's content, energy expert Tawfiq Hosni clarified that the document issued by a European environmental network 'seems to specifically target Algerian gas imports to Spain,' noting that some aspects of the report go beyond environmental issues to carry, in his view, 'allegations and representations of a politically discriminatory nature.'
echoroukonline.com
DZD economy aliqtissad dz Algeria economy news
iqtissadalbalad.dz
The Minister of Energy and Renewable Energies, Mourad Adjail, discussed with the Ambassador of the Kingdom of the Netherlands, Ann Elizabeth Luijma, the prospects for bilateral cooperation in the energy sector, focusing on strategic sectors for energy transition, renewable energy, and hydrogen. According to a statement from the embassy, the meeting was an opportunity to discuss the participation of a high-level Algerian delegation in the upcoming World Hydrogen Summit scheduled to be held from May 19 to 21 in Rotterdam, which brings together key players in both the public and private sectors to develop hydrogen and sustainable energy solutions. Read the full content on Echourouk Online.
echoroukonline.com
Oil prices rose again today, Wednesday, influenced by military escalation in the Gulf and Middle East region and disruptions in energy shipping routes. The price of Brent crude jumped by 5.05% to $92.23. Meanwhile, its counterpart, West Texas Intermediate crude, rose by 5.91% to $88.38.
al24news.dz
Oil prices have risen again, influenced by military escalation in the Gulf and Middle East region and disruptions in maritime shipping routes for energy, on Wednesday.
echaab.dz
Research and consulting firm Wood Mackenzie predicts that oil prices will rise to around $150 per barrel in the coming weeks due to a decline in oil and petroleum product supplies from the Gulf region by about 15 million barrels per day amid the war in Iran. The company explained that Gulf countries produce a total of about 20 million barrels per day of oil liquids, but the global market has lost about 15 million barrels per day of exports, putting significant pressure on a market where global demand is around 105 million barrels per day. Read the full content on Echourouk Online.
echoroukonline.com
The National Agency for the Valorization of Hydrocarbon Resources (Naftal) and the European Association of Geologists and Engineers are organizing an international meeting from May 11 to 13 in Algiers, which includes two technical workshops dedicated to exploiting hydrocarbon potential offshore and recovering mature fields, according to Naftal.
radioalgerie.dz
This natural treasure has led Algeria to launch a national program to develop electricity generation from renewable resources.
elkhabar.com
Gold prices recorded an increase this Wednesday morning, coinciding with a decline in oil prices, amid anticipation of U.S. economic data this week to assess Federal Reserve policy expectations. Gold prices in spot transactions rose by 0.4 percent, reaching $5213.99 per ounce. U.S. gold futures for April fell by 0.4 percent, reaching $5221.80 per ounce.
radioalgerie.dz
In a context of profound upheavals in global energy markets, the Organization of African Oil Producing Countries APPO is reinstating
ecotimesdz.com
Disruptions in global supply chains could last for several months even in the case of a quick resolution.
ecotimesdz.com