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The Latest Breaking News from Sonatrach

Oil companies attending climate talks have minimal green energy transition plans, AP analysis finds

Oil and gas companies have a large presence at international climate talks aimed at getting the world to sharply reduce emissions, which lead to climate change

The Independent UK

Algeria, France Postpone Negotiations Over Gas

Algerian Minister of Energy and Mines Mohamed Arkab has met with the CEO of the French energy group (Engie), Catherine MacGregor, who visited Algiers on Tuesday and Wednesday. The meeting addressed the current state of the international natural gas market and commercial opportunities and prospects for investment in exporting electricity…

Asharq Al-Awsat

Former Algerian Minister Sentenced to 20 Years in Prison

A former Algerian energy minister was sentenced in absentia Thursday to 20 years in prison for corruption. Chakib Khelil headed the energy ministry for a decade under the late president Abdelaziz Bouteflika. The Sidi M’Hamed court in Algiers also issued on Thursday prison terms of between five and 10 years…

Asharq Al-Awsat

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Algeria Allocates $400 Mln to Protect Oil Facilities against Terrorism

The Algerian government has launched a plan to protect the oil and gas facilities against potential terrorist acts. The plan consists of hiring 22,000 guards and spending $400 million on the security systems in the infrastructure of oil and gas. Chief Executive Officer at state-owned Sonatrach Group Toufik Hakkar revealed…

Asharq Al-Awsat

Algeria Jails Ex-Sonatrach Head for 15 Years for Graft

An Algerian court on Tuesday handed a 15-year prison sentence to the former head of state energy giant Sonatrach in a corruption case. Abdelmoumen Ould Kaddour had been on trial over the 2018 purchase of the Sicilian Augusta oil refinery. According to Algerian media, the state oil and gas firm…

Asharq Al-Awsat

Algeria's Sonatrach, Spain's NATURGY Sign Gas Pricing Deal

Algeria's Sonatrach and Spanish power group Naturgy have signed a deal revising the prices of long-term gas export contracts, Ennahar tv reported on Thursday. According to Reuters, Sonatrach CEO Tewfik Hakkar said the price revision for exports via the Medgas pipeline was part of a three-year contract.

Asharq Al-Awsat

Analysis: Confident Algeria rides gas high

Europe's attempts to wean itself off Russian gas have given Algeria a shot in the arm.

Reuters

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Algeria’s Gas Supply to Spain Temporarily Suspended

A malfunction in the Medgaz underwater natural gas pipeline between Algeria and Spain has caused a temporary suspension of gas supplies to Spain on Sunday, Algerian state media said, citing a statement from state oil and gas producer Sonatrach. The malfunction occurred on the Spanish side, and Spain is working…

Asharq Al-Awsat

Italy signs energy deals with Algeria in bid to sidestep Russia

Prime Minister Mario Draghi says Algeria has ‘become in recent months the biggest supplier of gas’ to Italy.

Al Jazeera

Europe's leaders look to ink energy deals to sidestep Russia

European leaders have ramped up their push to secure alternative energy supplies as fears escalate of a complete natural gas cutoff by Russia

The Independent UK

Italy's embattled PM Draghi visits Algeria for gas talks

With his government's fate in limbo, Italian Premier Mario Draghi was visiting Algeria’s capital Monday to finalise deals boosting Algerian gas supplies to Italy as Europeans brace for a possible cutoff of Russian gas.

Radio France Internationale

Italy's Embattled PM Draghi Visits Algeria for Gas Talks

With his government's fate in limbo, Italian Premier Mario Draghi is visiting Algeria’s capital Monday to finalize deals boosting Algerian gas supplies to Italy as Europeans brace for a possible cutoff of Russian gas. In a sign of the importance of the visit, the Italian delegation includes the foreign minister,…

Asharq Al-Awsat

Algeria Announces Discovery of 'Important' Gas Deposit

Algerian state energy firm Sonatrach announced Monday the discovery of an "important" deposit of gas condensate in the Hassi R'mel field in the Sahara desert. "Sonatrach announced today that it has identified a significant potential of hydrocarbons...

Asharq Al-Awsat

What does a diplomatic row mean for Spain's Algerian energy supplies?

Algeria suspended a 20-year friendship treaty with Spain this week and moved to limit trade with its northern neighbour, raising more questions about the potential impact on the long-established gas business between the two countries.

Reuters

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Asharq Al-Awsat

Tunisia to Launch International Tenders for 2,000 MW of Renewable Power

Tunisia plans to launch international tenders in June this year seeking offers to build 2,000 megawatts of renewable electric power capacity, energy minister Naila Nouira said on Thursday, part of efforts to cut the country's natural gas imports. Tunisia, which is facing a financial and political crisis, is trying to…

Asharq Al-Awsat

Algeria, Italy Sign Gas Deals to Reduce Russia Reliance

Italian Prime Minister Mario Draghi announced a deal on Monday to boost gas deliveries from Algeria, as he steps up efforts to reduce Rome's heavy reliance on Russian imports. Addressing journalists after meeting President Abdelmadjid Tebboune, Draghi told journalists the two governments had signed a preliminary deal on energy cooperation.…

Reuters

Italy's Draghi set to sign deal in Algeria to ease Russia gas fix- sources

Italy's Prime Minister Mario Draghi will visit Algeria on Monday to sign an agreement to ramp up gas imports, two sources said, as Rome steps up efforts to tap alternative flows following Russia's invasion of Ukraine.

Asharq Al-Awsat

Algeria's Sonatrach: We Cannot Replace Russian Gas Deliveries

Algeria's Sonatrach CEO Toufik Hakkar explained that Algeria currently has some billions of cubic meters of gas in surplus, but they are insufficient to replace Russian gas deliveries to meet Europe's gas needs. He announced that Sonatrach discovered three oil fields this year. This comes in parallel with mounting tension…

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Asharq Al-Awsat

Algeria Warns of Possible Gas Price Rise for Spain

Algeria's state-owned energy giant Sonatrach warned Friday it could increase the price of its gas sales to Spain, against the backdrop of a diplomatic row with Madrid over the disputed Western Sahara. "Since the start of the Ukraine crisis, gas and oil prices have skyrocketed.

Asharq Al-Awsat

Algerian, Chinese Firms Announce Phosphate Mega-deal

Four Algerian and Chinese firms announced a nearly $7 billion deal on Tuesday to relaunch a phosphate mining project set to produce millions of tons of fertilizer annually, AFP reported. Under the new deal, Algeria's Asmidal, a subsidiary of state oil firm Sonatrach, and mining firm Manal agreed with Chinese…

Asharq Al-Awsat

Former Algerian Minister Sentenced to 20 Years in Prison

An Algerian court on Monday sentenced in absentia former energy ministry Chakib Khelil, who served under former president Abdelaziz Bouteflika, to 20 years in prison on corruption charges, local media reported. The Sidi M’Hamed court in Algiers also fined the longtime former minister, who served for half of Bouteflika’s 20-year…

Asharq Al-Awsat

Algeria's Sonatrach to Share Production in a Region in Niger

Algeria's Sonatrach oil company said it had signed an agreement with the Niger petroleum ministry to share production in Niger's Kafra region, according to a Sonatrach statement. Sonatrach International Petroleum Exploration and Production, a subsidiary of the Algerian company, signed the agreement in Niger's capital. Sonatrach's works in Kafra cover…

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