Oil, gas, petrochemicals, Sonatrach, and energy sector developments
Energy and Renewable Energies Minister, Mourad Ajal, received this Wednesday the Executive Director of the African Energy Commission, Rachid Ali Abdallah, with whom he discussed ways to enhance cooperation and partnership in the energy sector, according to a statement from the ministry.
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Oil prices were slightly up on Tuesday, reinforcing gains from the previous day, in a supported market particularly
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The economy of Algeria, news of the economy
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The Russian-Ukrainian war since March 2022 has played a crucial role in changing the face of the global gas market, with liquefied natural gas (LNG) shares experiencing a significant increase and a major development in supply volumes compared to previous years. According to the 'Kpler' platform, specialized in tracking LNG shipments, quantities expected to be offered in the global market are expected to reach record levels in December, reaching around 41 million tons, at a time when annual export volumes have increased by 4% compared to 2024. Watch the full content on Al-Shorouk Online. The post Global Gas Market in Chaos and the US as the Biggest Winner appeared first on Al-Shorouk Online ...
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Gas prices in Europe rose on Monday, with the European benchmark contract reaching its highest level in a month after the holiday break, driven by strong demand due to cold weather. Data from the London Stock Exchange Group (LSEG) showed that the Dutch benchmark contract for the first month at the TTF hub increased by €0.28 to €28.38 ($33.38) per megawatt-hour, …
al24news.dzGas prices in Europe rose on Monday, driven by strong demand due to cold weather. Data from the London Stock Exchange Group (LSEG) showed that the Dutch futures contract for the first month at the TTF hub rose by 0.28 euros to 28.38 euros (33.38 dollars) per megawatt-hour, ...
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Minister of Energy and Renewable Energy, Merad Aissa, supervised the launch of the project to connect 3,000 homes to gas in In Guezzam Province, as part of a program aimed at enhancing energy supply and improving living conditions for the population. The minister explained, during the launch ceremony held during a working visit and inspection yesterday, that the project will be completed and handed over within 18 months, highlighting its role in supporting gas supply and contributing to improving living conditions. He was accompanied on the visit by the Secretary-General of the Ministry of Interior, Local Communities, and Transport, Mahmoud Djama. Watch the full content on Al-Shorouk Online.
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Minister of Energy and Renewable Energy, Merad Aissa, oversaw the launch of the project to connect 3,000 homes to gas in In Guezzam Province, as part of a program aimed at enhancing energy supply and improving living conditions for the population. The minister explained, during the launch ceremony held during a working visit and inspection yesterday, that the project will be completed and handed over within 18 months, highlighting its role in supporting gas supply and contributing to improving living conditions. He was accompanied on the visit by the Secretary-General of the Ministry of Interior, Local Communities, and Transport, Mahmoud Djama. Watch the full content on Al-Shorouk Online.
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Sonatrach, the Algerian national oil company, has ranked 23rd globally in the oil and gas sector, with a value of $77 billion, surpassing prominent companies in Europe and Asia. According to a new ranking by Brand Sansitize, Sonatrach outperforms major companies such as Petronas of Malaysia ($73 billion), Repsol of Spain ($62 billion), and CNPC of China ($59 billion), solidifying the African energy giant's position as a global player capable of competing among the world's top 30 oil and gas companies.
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Economy Disad aliqtissad dz Economy of Algeria Economic News
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Minister of State, Minister of Energy and Mines, Mohamed Arkab, supervised the signing ceremony of contracts to complete three new seawater desalination plants in the states of
echaab.dzThe Algerian Minister of State, Minister of Energy and Mines, supervised the signing of contracts for the completion of three major seawater desalination plants in three Algerian states, in line with the instructions of President Abdelmadjid Tebboune to strengthen national water security and ensure regular supply of drinking water. The signing ceremony took place at the headquarters of Sonatrach's General Directorate in Algiers, and includes the completion of new seawater desalination plants in the states of Tlemcen, Chlef, and Mostaganem, as well as the signing of a memorandum of understanding.
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