North Africa is slowly running out of electricity due to rapidly growing population and the fast-paced industrial and economic expansion. Analysts predict that this could
Tag: Algeria
Market Update: Oil Output Freeze Looming Over
The OPEC’s Secretary General said yesterday (20 September) that a possible deal aiming to prop up oil prices could last for one year. The cartel
OPEC Sees Oil Market Rebalancing
Mohammad bin Saleh al-Sada, Qatar’s Minister of Energy and Industry, said yesterday (8 August) that the oil market was on the path to rebalancing despite
Venezuela Still Hoping for Oil Output Freeze
Venezuelan oil minister Eulogio del Pino said yesterday (16 June) that Iran would reach its pre-sanction oil output by September, which will revive the talks
Venezuela’s Pending Bankruptcy: Why and How Diversify?
Venezuela is facing a major economic crisis and despite the fact that you can still buy subsidized petrol in the centre of Caracas just for
Venezuela Stops Crude Imports from Algeria amidst Fears of Bankruptcy
Venezuela’s state-operated company PDVSA has decided to halt the imports of Algerian light crude, which is normally used to be blended with Venezuela’s own extra-heavy
BP Faces a New Wave of Fines, Leading to Disinvestment
BP, sometimes referred to by its former name British Petroleum, the world’s sixth largest energy company by market capitalization, is facing a new batch of
Geopolitics and the (In)Security of EU’s Phosphate Imports
Natural gas is by far not the only area in which the European Union is significantly dependent on the outside world. When it comes to
A $100–Billion Plan to ‘Fix’ Algeria’s Moribund Resources Sector
Algeria’s state-owned firm, Sonatrach, has announced a plan to invest about 100 billion USD into the country’s energy sector between 2014 and 2018 with the
Algeria Assessing Its Shale Oil Potentials
Algerian energy minister Youssef Youssfi has said his country is interested in shale oil and natural gas to enhance diversity of energy sector. At a