This is another case that will cause huge financial damage to Algeria as it goes through one of its worst financial crises. This is the Petroceltic affair where the Algerian propagandist media concealed the truth from Algerians about a real mess that has just been caused by the CEO of Sonatrach, Toufik Hakkar. Explanations.  On April 15, […]

Algeria has commissioned the Kasdir-Beni-Saf gas pipeline extension project. The event was performed by the country’s Petroleum minister Mohamed Arkab who stated that the pipeline is likely to strengthen Algeria’s place in the field of marketing and increase natural gas exports to Europe. The expansion is carried out by expanding the compression station in Beni […]

Sonatrach, Algeria’s national energy company, has terminated the contractual interest held by the U.K. company Sunny Hill Energy through its wholly owned subsidiary Petroceltic Ain Tsila in the Ain Tsila gas field in southeast Algeria. Sunny Hill Energy has invested hundreds of US$ millions in the project. Sonatrach has offered no compensation in relation to […]

The Algerian National Hydrocarbons Company SONATRACH and Shell International Trading and Shipping Company Limited on Thursday signed a memorandum of understanding, which provides a framework for companies to explore means of cooperation on the supply and trading of hydrocarbons, said a statement from SONATRACH. “SONATRACH and Shell International Trading and Shipping Company Limited signed a […]

The Chief Executive Officer of Eni, Claudio Descalzi, and the President General Manager of the Algerian state company SONATRACH, Toufik Hakkar, have met recently at the Eni headquarters in San Donato Milanese to take stock of common activities and sign various agreements in the exploration and production, research and development, decarbonisation and training fields. These […]

Politically volatile and fiscally challenged Algeria has replaced its energy minister again, in yet another cabinet shuffle, putting familiar face Mohamed Arkab back in charge of the OPEC member’s stagnating oil and gas portfolio. Arkab replaces Abdelmadjid Attar, the former Sonatrach CEO who had been named to the post just last June, supplanting Arkab, who […]

The Algerian Minister of Energy, Abdelmadjid Attar, has recently met with the Chief Executive Officer of Eni, Claudio Descalzi, in Algiers to consolidate further  the company’s activities in the country, future projects and to discuss the energy transition, central to Eni’s new strategy. In the same vein, Claudio Descalzi also met with the CEO of […]