Via Africa News Agency, a report on Sonatrach expanding its footprint in Southern Africa: Algeria’s Sonatrach and Mozambique’s ENH (Empresa Nacional de Hidrocarbonetos E.P.) signed a memorandum of understanding to strengthen cooperation in the oil and gas sector. The agreement, inked in Maputo by Rachid Hachichi (Sonatrach CEO) and Ludovina Bernardo (ENH Chair), with Algerian […]
Read more »Via Business Insider, an article on how Algeria has secured a $5.4 billion production-sharing agreement with Saudi Arabia’s Midad Energy to explore and develop oil and gas reserves in the Illizi Basin, marking a major step in the North African country’s energy expansion and foreign investment strategy: Saudi Arabia’s Midad Energy signed a $5.4 billion […]
Read more »Via Wired, a look at how Africa’s energy-starved countries on the continent have reluctantly turned to coal and gas for decades. Cheap Chinese solar panels are now finally changing the calculus. From Algeria on the Mediterranean coast to landlocked Zambia in the south, countries across Africa have been importing significantly more solar panels from China this year than […]
Read more »Via Reuters, a report on the preliminary pact between Oman’s sovereign wealth and Algeria for a new investment fund: The Oman Investment Authority signed a preliminary agreement with Algeria’s Finance Ministry to establish an investment fund worth 115 million Omani riyals ($298.79 million). The fund announced by the sultanate’s sovereign wealth fund will focus on […]
Read more »Via Foreign Policy, a look at Algeria, which some argue, could become more than a petrostate with the right reforms: On Sept. 14, Algeria’s constitutional court certified President Abdelmadjid Tebboune’s reelection to a second—and final—term in office. Under Tebboune, Algeria has taken steps to transform its economy, making significant progress in the areas of infrastructure, […]
Read more »Via Arabian Business, a report on the next BRICS expansion could include Turkey, Algeria, Indonesia, Nigeria but major rifts remain: In a major geopolitical development earlier this year, BRICS cemented its rise as a potential counterweight to Western-led groups like the G7 with the addition of Saudi, UAE, Iran, Ethiopia, and Egypt Since the one-tightknit […]
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