Reuters reported yesterday, that Lebanon intends to restart its first oil and gas licensing round after a three-year delay, the energy minister said on Thursday, hoping to kick-start the development of a hydrocarbon industry stalled by national political paralysis. Continue reading Lebanon ready to Join East Mediterranean Race for Oil and Gas (en/fr)
Algeria is one of the top gas supplier to Europe. Its economy is heavily dependent on hydrocarbons exports, and the OPEC member has been struggling to boost production to offset the fall in oil prices.
Algeria’s new energy minister Noureddine Bouterfa has said that Sonatrach foresees an increase in its oil and gas production in the order of 30% by 2020, reported state news agency APS. “Efforts are being deployed in order to reach this objective within the targeted schedule,” he said on July 18 at Hassi Messaoud, the country’s largest oil field. Continue reading Perspectives of the Algerian Oil & Natural Gas exports’ market