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Algeria

Orano recovers its representative in Niger amid growing nuclear tensions

French nuclear group Orano has confirmed the release of its representative in Niger, detained since May, as tensions remain high with the country’s junta over control of uranium assets.

Aramco’s net profit drops for the eleventh consecutive quarter

Aramco reported a 2.3% decrease in its net profit for the third quarter, amid global economic uncertainties and an oversupply of oil, although its adjusted earnings showed a slight increase.

Algeria to launch SCADA system modernisation of national power grid in 2026

The Algerian government plans a full upgrade of the SCADA system, managed by Sonelgaz, to improve control and supervision of the national electricity grid starting in 2026.
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Turkey locks in 19 Bcma of LNG, Moscow and Tehran under pressure

Botaş lines up a series of liquefied natural gas (LNG, liquefied natural gas) contracts that narrow the space for Russian and Iranian flows, as domestic production and import capacity strengthen its bargaining position. —

Sonatrach replaces its CEO as internal tensions mount

Algeria has removed Rachid Hachichi from the leadership of Sonatrach, two years after his appointment, replacing him with Noureddine Daoudi, former head of the National Agency for the Valorisation of Hydrocarbon Resources.

Sonatrach resumes drilling in Libya after more than ten years of security-related halt

Algerian company Sonatrach has resumed exploration activities in Libya's Ghadames Basin, halted since 2014, as part of a strategic revival of the country's oil sector.
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Sonatrach restarts Skikda unit to boost LNG exports

The Algerian national company has restarted a key liquefaction unit in Skikda, strengthening its export capacity amid massive investment in the gas sector.

Niger maintains oil cooperation with China despite growing demands

Niger hardens its stance on energy sovereignty but avoids breaking with China National Petroleum Corporation, its main oil industry partner, in order to safeguard export revenues.

Midad Energy signs $5.4bn contract with Sonatrach in Algeria

Sonatrach and Midad Energy North Africa signed a production-sharing hydrocarbon contract in the Illizi South perimeter, involving a total investment estimated at $5.4bn for exploration and exploitation of the site.
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Algeria signs two oil assessment agreements with Petrogas E&P

Alnaft has signed two study agreements with Omani firm Petrogas E&P on the Touggourt and Berkine basins, aiming to update hydrocarbon potential in key oil-producing areas.

Algeria commits $60 billion to strengthen its energy strategy by 2029

Algeria plans to allocate $60 billion to energy projects by 2029, primarily targeting upstream oil and gas, while developing petrochemicals, renewables and unconventional resources.

Orano wins legal case in uranium dispute over Somaïr site

An international tribunal ruled in favour of French company Orano against the State of Niger, which had blocked the sale of uranium extracted from the Arlit mine since taking control of the site in 2023.
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ICSID blocks the sale of SOMAÏR uranium by the State of Niger

The ICSID arbitral tribunal ordered Niger to suspend any sale of uranium produced by SOMAÏR, ruling that this material falls under Orano’s contractual rights, amid a dispute with the State that has lasted for several months.

African solar panel imports surge 60% in one year

Solar panel imports into Africa reached 15,032 MW in one year, setting a record and marking an expansion beyond South Africa, according to the energy research organisation Ember.

Occidental and Algeria Launch Two Studies to Assess New Oil and Gas Fields

Alnaft and Occidental Petroleum signed two agreements to assess the oil and gas potential of southern Algerian zones, amid rising budgetary pressure and a search for energy stability.
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OPEC Revises Global Oil Forecasts for 2026 to 106.5 Million b/d

OPEC's August report reveals Russian production above quotas and commercial dominance in Asia, while Kazakhstan massively exceeds its reduction commitments.

Russia gains adoption of oil and gas standards in Africa and the Middle East

Around 80 Russian technical standards for oil and gas have been internationally validated, notably by the United Arab Emirates, Algeria and Oman, according to the Institute of Oil and Gas Technological Initiatives.

OPEC+ to complete in September the full withdrawal of 2.2 million b/d voluntary cuts

The eight OPEC+ members concerned will end next month the cuts introduced in November 2023, while keeping the option to readjust their output depending on market fundamentals and quota compliance.
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OPEC+ Accelerates Production Hikes Amid Shifting Oil Market Dynamics

Eight OPEC+ countries boost output by 547,000 barrels per day in September, completing their increase program twelve months early as Chinese demand plateaus.

Saudi Aramco and Sonatrach cut LPG prices by 5 to 10% for August

Saudi Aramco and Sonatrach have announced a reduction in their official selling prices for liquefied petroleum gas in August, reflecting changes in global supply and weaker demand on international markets.
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Criteria abandons joint acquisition of Naturgy with TAQA

Criteria announces the end of negotiations with TAQA for a joint bid for Spanish gas giant Naturgy, reaffirming its commitment to support.
Acquisition Naturgy Criteria TAQA

Russian LNG exports to Europe fall by 10% in 2023

According to a GIIGNL report, Russian LNG exports to Europe are set to fall by 10% in 2023, while the global LNG market is experiencing a slowdown.
GNL russe Europe États-Unis 2023

Talon Demands Border Reopening for Nigerian Oil Transit

Beninese President Patrice Talon is calling for the reopening of the border with Niger, closed since the coup d'état of 2023, to allow oil exports via Benin.
Réouverture frontière transit pétrolier

Sonatrach and ExxonMobil join forces for Algeria’s gas resources

Sonatrach and ExxonMobil have signed a memorandum of understanding to develop hydrocarbon resources in southern Algeria, opening up new prospects for the energy sector.
Développement Ressources Gaz Algérie

Benin: controlled resumption of oil exports from Niger

Benin temporarily authorizes the export of oil from Niger, a sign of détente in tense relations with Niamey.
Exportations Pétrolières Bénin Niger

Niger keeps its border closed with Benin

Niger's Prime Minister maintains the closure of the border with Benin, potentially affecting oil exports.
Tensions Frontalières Niger Bénin Pétrole

Liquefied natural gas shortage in Northwest Europe

Demand for liquefied natural gas (LNG) in North-Western Europe fell in April, putting the region under pressure in the shoulder season.
Baisse Importations GNL Europe

Development of a 220 MW solar farm in Algeria

Algeria is accelerating its energy shift with the construction of a new 220 MW solar park in Biskra, part of a vast 3 GW solar program.
Parc solaire Biskra Algérie

Solar expansion in Algeria: Chinese projects take center stage

Algeria is accelerating its solar shift with the inauguration of new large-scale PV projects by Chinese companies.
L'Algérie initie une expansion majeure de son secteur solaire avec le soutien des projets initiés par la Chine.

More Algerian LNG exports to Europe

Faced with falling LNG prices in Europe, purchases of Algerian cargoes are increasing, marking a peak in exports.
Exportations LNG Algérie Europe

Niger: $400 million advance for oil from China

Niger receives a $400 million advance from China to support the launch of its crude oil sales.
Avance chinoise pétrole Niger

Artificial intelligence to combat methane leaks

In Paris, engineering company Kayrros harnesses satellites and AI to detect methane leaks, helping to fight global warming more effectively.
Kayrros IA fuites méthane

Completion of a 110,000-barrel-per-day pipeline between Niger and Benin

The Niger-Benin pipeline, with a capacity of 110,000 b/d, was completed. This significantly increases Niger's oil production, positioning it as a key exporter in the sector.
pipeline Niger Bénin

Uranium: Soaring Prices, New Nuclear Era

Faced with limited supply and growing demand, the price of uranium reached its highest level in 17 years, signalling a global revival in nuclear power.

Seves and Sediver Penalized for International Corruption

Seves group and Sediver fined 13.373 million euros for corruption in the DRC, Algeria, Nigeria and Libya, illustrating the disastrous consequences of corruption on companies.
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Europe Intensifies LNG Imports in November: A Fragile Balance

Europe is experiencing a significant increase in liquefied natural gas (LNG) imports, with a remarkable 76% rise over the previous month.

Oil prices: Geopolitics in the Middle East 2023

Oil prices currently reflect the view that a 1973-style oil embargo is an extremely unlikely response to the crisis in Gaza. However, the leaders of OPEC's largest producers have made irrational decisions in the past.
Prix du pétrole Moyen-Orient 2023

Diplomatic tensions end: Algeria appoints ambassador to Spain

Algeria has decided to appoint a new ambassador to Spain, putting an end to more than 19 months of diplomatic quarrel due to Madrid's U-turn on the Western Sahara issue.
président algérie

Europe’s Gas Risks: A Winter of High Tension

Europe faces a number of potential risks to its gas supplies this winter, including conflicts in the Middle East and fluctuating gas prices.

Rachid Hachichi replaces Toufik Hakkar at Sonatrach

Algerian President Abdelmadjid Tebboune has dismissed Sonatrach CEO Toufik Hakkar, appointing Rachid Hachichi as his successor. This decision raises questions about the stability of the state-owned company, which is crucial to the Algerian economy, and about the fight against corruption within Sonatrach.
Rachid hachichi
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