France’s Engie SA is nearing a deal with Algeria to increase natural gas imports, a deal that could come after President Emmanuel Macron’s official visit to the country, Bloomberg reports. “Diplomatic negotiations are continuing,” government spokesman Olivier Veran told BFM television on Sunday, adding that an announcement could come soon. Radio station Europe 1 first […]
Tag: Algeria
Macron: Formation of a committee on the “common history” of France – Algeria
French President Emmanuel Macron announced this evening from Algiers the formation of a joint committee of Algerian and French historians, who will study the archives on colonialism and the war in Algeria. “We have a common past” which is “complex, painful” and “we decided together” to create this commission of historians “to look together at […]
Algeria, a valuable energy partner
The Maghreb country has huge natural gas and oil reserves but an oppressive regime. Macron’s three-day visit highlights the priorities. The three-day visit of the French president to Algeria indicates his huge interest in the country’s rich natural gas and oil reserves. Of course, relations between the two countries have intensified recently because the French […]
Macron is visiting Algeria from August 25 to 27 to restore bilateral relations
France: Emmanuel Macron will visit Algeria from August 25 to 27 to restore bilateral relations French President Emmanuel Macron will visit Algeria from August 25 to 27, the Élysée announced today, a visit aimed at restarting the partnership between the two countries after months of crisis. “This trip will contribute to the deepening of the […]
Algeria: Fires brought under control – Death toll at 38
Fires that ravaged urban and forested areas in northeastern Algeria on Wednesday and Thursday, killing at least 38 people, have been brought under control, a Civil Protection official said today. “All the fires are fully under control,” said Fire Chief Farooq Ashour, who is also the deputy director of Intelligence and Statistics for Civil Protection. […]
Algeria: At least 26 dead from the forest fires affecting the country
LAST UPDATE: 23:54 At least 26 people have died and dozens more have been injured in forest fires in northern Algeria, the country’s Interior Minister Kamel Beljoud announced this evening. “26 people have died: two in Setif and 24 in El Tarf,” near the Tunisian border, the interior minister told Algerian television’s main news bulletin. […]
Algeria: President Abdelmadjid Taboun seeks admission to BRICS
Algerian President Abdelmadjid Taboun referred last Sunday night to the possibility of his country joining the BRICS group (Brazil, Russia, India, China, South Africa). “BRICS is of interest to us” as “it would allow us to move away from the pull of the two poles,” Mr Tabun said during a televised interview. “It is economic […]
Algeria: Mega-deal of 4 billion dollars with three companies for oil and natural gas
Algeria’s Sonatrach Group, Italy’s Eni, America’s Occidental and France’s Total today signed a $4 billion oil and gas “production sharing” contract. The 25-year contract concerns the exploitation of the natural gas and oil fields of the Berkin Basin. Announcing “this important agreement of four billion dollars”, Algerian President Abdelmadide Teboun underlined, during his meeting with […]
Algeria: Profits from oil and gas sales increased by 70% in the first five months of 2022
LAST UPDATE: 14:06 Algeria’s oil and gas earnings rose 70% to $21.5 billion (€20.62 billion) in the first five months of 2022, compared with $12.6 billion (12.08 billion euros) during the corresponding period of the previous year. The figures come from statements made today by an executive of the state oil and gas company Sonatrach […]
Algeria: Finance Minister fired
Algerian President Abdelmajid Teboun ousted Finance Minister Abderahman Raouya today, just four months after his appointment, without elaborating on the reasons for his removal. Mr Tebun “signed a decree on Tuesday dismissing Finance Minister Abderahman Raouya,” the Algerian presidency said in a statement. The Secretary-General of the Ministry of Finance will take over as interim […]