ALGIERS- National hydrocarbon company Sonatrach and Italian energy group Edison signed Tuesday, in Algiers, an agreement renewing a sale and purchase natural gas contract to Italy for a period of eight months.

The contract was signed by Sonatrach’s deputy chairman for marketing, Hachmei Mazighi, and Edison’s"...

MILAN (Reuters) - Italian energy group Edison said on Tuesday it had reached an agreement with Algeria’s Sonatrach to extend a gas supply contract to 2027.

Edison, owned by French utility EDF, said the contract would allow it to take one billion cubic meters of gas per year from Algeria for 8 years.

The company said"...

The Algerian government has chosen Condor’s offer to build a 50 MW solar power plant, following a call for tenders issued a few months ago for the construction of solar power plants in the country. Over the next ten years, this plant will provide electricity at $0.067 per kilowatt.

Algeria issued a call for tenders in May 2019 for the construction of 150 MW solar power plants in Algeria. Initially,"...

Africa Oil announces that it has entered into an amendment to the share purchase agreement (the 'Amended SPA') between Petrobras International Braspetro BV ('PIBBV') and Petrovida Holding BV ('Petrovida'), the company formed by the consortium of Africa Oil, Delonex Energy Ltd. ('Delonex') and Vitol Investment Partnership II Ltd. ('Vitol') to acquire an ownership interest in Petrobras Oil and Gas BV ('POGBV').

This"...

The 20th China International Petroleum & Petrochemical Technology and Equipment Exhibition (cippe2020) will be held at the New China International Exhibition Center in Beijing on March 26-28, 2020. Featuring 1,800 exhibitors, 120,000 professional visitors from 65 countries and regions, and 7 exhibiting halls of 90,000sqm, cippe2020 is a can't-miss event for anyone who wants to explore China’s petroleum and petrochemical market.

cippe"...

The African Renewable Energy Initiative (AREI) and the OECD hosted a two-day meeting in Paris with a focus on how the private sector can help boost renewable energy investments in Africa.

The EU co-funded this meeting, moved by the need to leverage private sector investments in sustainable energy, especially in Africa. This is a key priority for the EU’s climate action and the Africa-Europe"...

LEKOIL, the oil and gas exploration and development company with a focus on West Africa, announces that it has paid the US$7.5 million license extension fee for OPL 310 ('the Block') as mandated by the Federal Government of Nigeria and Ministry of Petroleum Resources, and previously first announced on 6 September 2019. The Company funded this payment from a mix of existing financial resources and debt facilities.

In"...

Eni has discovered new resources in the Abu Rudeis Sidri development lease, in the Gulf of Suez, where the operating company Petrobel, equally held by Eni and by the Egyptian General Petroleum Corporation (EGPC), drilled an appraisal well of the discovery of Sidri South, announced last July.

The Sidri 36 appraisal well, drilled to assess the field continuity westward in a down dip position with respect"...

The national hydrocarbons company (Sonatrach) officialized the launch of its huge petrochemical plant project in Adana, Turkey, with its partner, Ronesans, at an investment cost of $ 1.4 billion, that will be financed by 70% through bank loans and 30% by the project shareholders.

A statement from Sonatrach, which copy was received by Echorouk, said it signed, Thursday, through its subsidiary Sonatrach"...

London — Algeria's state-owned Sonatrach has made the case for the country's new draft hydrocarbon law, saying the need for reform was 'urgent' given the state of the country's reserves and exploration activity.

Algeria's cabinet approved the bill on October 13 to reverse declining foreign investment by revising upstream contract terms and tax rates. The law must still"...