Sonatrach

Algeria: $71.6 billion to support hydrocarbon production

Algeria plans to allocate $71.6 billion to hydrocarbons through 2030. Presented by Minister of State for Hydrocarbons Mohamed Arkab to the National People’s Assembly finance committee, the program aims to strengthen exploration and production while increasing processing capacity. Its scale is significant, but impact will depend on actual capital mobilization, project execution and meeting growing domestic demand.

Read more

France–Algeria: oil can follow, LNG remains constrained

France has reportedly approached Algeria for additional oil and liquefied natural gas (LNG) as energy markets face severe pressure. The information, published on October 19 by a specialist platform and attributed to anonymous sources, was not accompanied by an official announcement specifying requested volumes, timing or commercial terms. It nevertheless highlights the difference between Algeria’s ability to increase some crude shipments and its reportedly more limited short-term LNG flexibility.

Read more

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Read More