In line with rising demand for electricity, Algeria has invested significantly in its power sector over the past 10 years, with projects primarily carried out by state-owned power company Sonelgaz and its subsidiaries. Major upgrades embracing enhanced technologies have also been brought on-stream; however, there remains a pressing need to...
Faced with dwindling oil and gas revenues, rising domestic consumption and growing environmental awareness, solar energy has come to occupy a more prominent role in the development of the country’s energy mix in recent years. Testament to this are government plans to develop a 4-GW solar project.
Like most of the world’s producing countries, the glut in global oil supply and the subsequent collapse in prices has had a deep impact on Algeria’s economy, which has seen hydrocarbons revenues – for which state finances remain heavily dependent – sharply decline and foreign interest dampen. This, combined with maturing production at the...
The collapse in global oil prices has caused international interest in exploration and production (E&P) activities to slow down. Yet, Algeria has maintained its determination to boost its hydrocarbons sector, with plans targeting an increase in oil and gas output by 14% and 13%, respectively, by 2019. To keep up the momentum in the face of...
What is Sonatrach’s investment plan in terms of exploration and production for the years to 2022?
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