Energy & Hydrocarbons

Oil, gas, petrochemicals, Sonatrach, and energy sector developments

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Energy & Hydrocarbons
A technical team from the Nigerian electricity company 'NIGELEC' arrives in Algeria for training at SONELGAZ

A technical team from the Nigerian electricity company 'NIGELEC' arrives in Algeria for training at SONELGAZ

A technical team from the Nigerian electricity company 'NIGELEC' arrived today, Tuesday, in Algiers to benefit from comprehensive training at the SONELGAZ branch - Services, and to gain the necessary expertise to operate the electricity production stations that Algeria will establish in Niger, according to a statement from the public group 'SONELGAZ'. According to the statement, the technical team will undergo comprehensive training at the engineering training school of the SONELGAZ branch.

Mar 3, 2026echaab.dz
Energy & Hydrocarbons
The additional quantities of gas for partners will be according to current prices

The additional quantities of gas for partners will be according to current prices

Algeria will respect its share within OPEC+ despite rising demand. The current situation will push prices towards $150 per barrel. The quality of Algerian oil makes it exceed Brent by $4 to $6. Energy expert Baghdad Mendoush explains the potential implications of the ongoing war in the Middle East on Algeria from an energy perspective, confirming that European partners, if they want additional quantities of Algerian gas via pipelines, are forced to negotiate with SONATRACH according to current market prices, not the old prices stipulated in long-term contracts. In this context, expert Mendoush noted in a statement to 'Echorouk' that the closure of the Strait of Hormuz will lead to a shortage of 20 million...

Mar 3, 2026echoroukonline.com
Energy & Hydrocarbons
Oil prices rise by more than 4% with Brent trading above $81

Oil prices rise by more than 4% with Brent trading above $81

Oil prices saw a significant increase during trading on Tuesday in Asian markets, driven by growing concerns about the economic repercussions of conflicts in the Middle East. By 08:00 GMT, the price of a barrel of North Sea Brent crude rose by 4.41 percent to reach $81.17, while West Texas Intermediate crude increased by 3.99 percent to $74.07.

Mar 3, 2026al24news.dz
Energy & Hydrocarbons
SONELGAZ Begins Reviving Cooperation with 'NIGELEC' to Develop the Electricity Network in Niger

SONELGAZ Begins Reviving Cooperation with 'NIGELEC' to Develop the Electricity Network in Niger

The Ministry of Energy and Renewable Energies, through the SONELGAZ group, has begun implementing the process of reviving cooperation with NIGELEC, in line with the recommendations of President Abdelmadjid Tebboune aimed at activating cooperation between Algeria and the Republic of Niger, particularly in the areas of supporting the electricity network and transferring Algerian expertise. The cooperation includes several areas, most notably supporting the electricity network in Niger and transferring Algerian expertise in various specialties, by providing training and technical support services, thereby enhancing the capabilities of the Nigerien side in the field of electricity production and management.

Mar 3, 2026echoroukonline.com
Energy & Hydrocarbons
The Hormuz Strait Crisis Drives European Energy Prices to Their Highest Levels Since 2015

The Hormuz Strait Crisis Drives European Energy Prices to Their Highest Levels Since 2015

The Spanish newspaper 'La Razón' reported that natural gas prices in the European market nearly doubled within 48 hours, following the Iranian threat to close the Hormuz Strait and the escalation of attacks in the Arabian Gulf region, leading to a sharp rise in global energy markets. According to the newspaper, the price of natural gas in Europe rose by 24% today, exceeding 57 euros per megawatt/hour, which represents nearly double its value in just two sessions, amid fears of supply disruptions through the strait that carries about a third of the world's gas and oil trade. Read the full content on Echourouk Online.

Mar 3, 2026echoroukonline.com
Energy & Hydrocarbons
Shipping costs for oil reach record levels as navigation in the Strait of Hormuz halts

Shipping costs for oil reach record levels as navigation in the Strait of Hormuz halts

Global oil and gas shipping costs surged today, Tuesday, to unprecedented levels following the halt of navigation through the Strait of Hormuz, amid escalating confrontation between the United States and Iran, and targeting of ships in the region, leading to widespread disruption in energy and maritime transport markets. Data from the London Stock Exchange Group, as reported by Reuters, showed that the cost of chartering supertankers to transport two million barrels of crude from the Middle East to China reached $423,736 per day on Monday, the highest level ever recorded. This figure is nearly double the price recorded on Friday, continuing gains from the six-year high recorded last week. View the full content on...

Mar 3, 2026echoroukonline.com
Energy & Hydrocarbons
After the Closure of the Strait of Hormuz.. Oil Shipping Costs Rise to Record Levels

After the Closure of the Strait of Hormuz.. Oil Shipping Costs Rise to Record Levels

Today, Tuesday, global oil and gas shipping costs surged to unprecedented levels following the halt of navigation through the Strait of Hormuz, amid escalating confrontations between the United States and Iran, and attacks on ships in the region, leading to widespread disruption in energy and maritime transport markets. Data from the London Stock Exchange Group, as reported by Reuters, showed that the cost of chartering supertankers to transport two million barrels of crude from the Middle East to China reached $423,736 per day on Monday, the highest level ever recorded. This figure is nearly double the price recorded on Friday, continuing its gains from the six-year high recorded last week. View the full content on...

Mar 3, 2026echoroukonline.com
Energy & Hydrocarbons
Ajjal directs to expedite measures for rationalizing energy consumption and improving efficiency

Ajjal directs to expedite measures for rationalizing energy consumption and improving efficiency

The Minister of Energy and Renewable Energies, Mourad Ajjal, issued instructions regarding the files related to the national program for rationalizing energy consumption and improving its efficiency, during a meeting dedicated to studying the progress of implementing the related measures and procedures for enhancing energy performance. A statement from the relevant ministry clarified that the meeting is part of monitoring the sector's activity, where the minister met with several key officials in the ministry, and during which the progress of implementing measures aimed at rationalizing consumption and enhancing energy efficiency at the national level was reviewed. View the full content on Echourouk Online.

Mar 3, 2026echoroukonline.com