
Oil prices rise by more than 5 percent at settlement
Crude oil prices rose by nearly five percent at settlement on Wednesday. Brent crude futures increased by $3.86 or 5.2 percent to $78.02 per barrel at settlement, the highest level since June 19.
Oil, gas, petrochemicals, Sonatrach, and energy sector developments

Crude oil prices rose by nearly five percent at settlement on Wednesday. Brent crude futures increased by $3.86 or 5.2 percent to $78.02 per barrel at settlement, the highest level since June 19.

SONATRACH announced that an incident occurred today, Thursday, at 2:30 AM, at the Arzew refinery (Oran Province), with no injuries or human losses reported, confirming that the situation is fully under control. The incident specifically took place at the 5-liter filling unit 3900 at the refinery located in the Arzew industrial zone, according to the public group in a statement indicating that 'all necessary measures have been taken to determine the causes of this incident.'

Equinor aims to expand its investments in Algeria, from LNG to CO2 capture. Analysis of a key partnership.

The SONELGAZ group announced in a statement today, Wednesday, the commissioning of the pressure reduction station in the Tumiats area of Béchar, for the industrial customer 'Viral', aimed at ensuring regular supply of natural gas for the iron ore exploitation project extracted from the Gara Djebilet mine (Tindouf Province). This achievement comes as part of SONELGAZ's commitment to support the major strategic projects of the state, through […]

Oran - The national awareness caravan on rational energy consumption kicked off today, Wednesday, across several western provinces of the country. This initiative is organized by the SONELGAZ group in coordination with the National Agency for the Development of Energy Use and its partners, as part of the national program aimed at promoting the rational and efficient use of energy, especially during the summer season, which sees a significant increase in electricity demand.

Algeria - The SONATRACH group announced in a statement today, Wednesday, the delivery of its first shipment of liquefied natural gas to Germany, in a move that is expected to enhance its position as a major energy supplier in Europe.

Algeria - The Sonelgaz Group announced in a statement today, Wednesday, the commissioning of the pressure reduction station in the Tumiats area of Béchar, for the industrial customer 'Viral', aimed at ensuring regular supply of natural gas for the iron ore exploitation project extracted from the Gara Djebilet mine (Tindouf Province).

The Sonelgaz Group announced in a statement today, Wednesday, the commissioning of the pressure reduction station in the Tumiats area of Béchar for the benefit of the industrial customer.

The Algerian group Sonelgaz announced in a statement today, Wednesday, the commissioning of the pressure reduction station in the Tumiats area of Béchar province, for the industrial customer 'Viral', aimed at ensuring regular supply of natural gas for the iron ore exploitation project extracted from the Gara Djebilet mine (Tindouf province). This achievement comes as part of Sonelgaz's commitment to support the major strategic projects of the state.

The group 'SONATRACH' announced in a statement today, Wednesday, the delivery of its first shipment of liquefied natural gas to Germany, a step that is expected to enhance its position as a major energy supplier in Europe. According to the same source, this shipment was delivered on July 2 via the floating regasification terminal 'Wilhelmshaven 1', after departing from the gas liquefaction plant 'GL2Z' in Bethioua, and was transported aboard the liquefied natural gas carrier 'Tassala' owned by 'SONATRACH'. This operation reflects 'the group's ability to seize opportunities presented by developments in the international natural gas market, while simultaneously working to enhance the valuation of its resources in strategically promising markets.'

The group 'SONATRACH' announced in a statement today, Wednesday, the delivery of its first shipment of liquefied natural gas to Germany, a step that is expected to enhance its position as a major energy supplier in Europe.

Oil prices continued to rise in today's trading, jumping by more than 5% after U.S. President Donald Trump's statements from the NATO summit in Ankara regarding the collapse of the ceasefire with Iran.