See also:
» 21.07.2009 - OPEC may cut oil output in September
» 26.02.2009 - Algeria to erect nuclear Power plant
» 23.02.2009 - OPEC may cut output again
» 28.01.2009 - Repsol makes gas discoveries in Algeria's Sahara desert
» 19.01.2009 - OPEC may cut output again
» 07.08.2008 - Algeria makes new oil and gas finds
» 12.05.2008 - Algeria to export power through Morocco
» 27.03.2007 - Algeria keen on establishing "Gas OPEC"











China wholesale online through DHgate.com


Houlihan's coupons


Finn autentiske matoppskrifter fra hele verden på Verdensmat.no:
Gazpacho Børek Kartoffelsalat Taboulé Gulasj Albóndigas Cevapi Rougaille Japrak sarma Zwiebelbrot Klopse Giouvetsi Paella Pljeskavica Pica pau Pulpo a la gallega Flammkuchen Langosj Tapenade Chatsjapuri Pasulj Lassi Kartoffelpuffer Tortilla Raznjici Knödel Lentejas Bœuf bourguignon Korianderchutney Brenneslesuppe Proia Sæbsi kavurma Sardinske calamares


Autentiske matoppskrifter fra hele verden finner du på Verdensmat.no:
Réunion Portugal Aserbajdsjan Serbia Tyskland Seychellene Bosnia Spania Libanon Belgia India Kroatia Hellas Italia Ungarn Komorene Georgia Mauritius Østerrike Romania Frankrike


Algeria
Economy - Development

Russia's Gazprom enters Africa through Algerian field

Drilling of Gazprom's first prospecting well in Algeria

© Gazprom / afrol News
afrol News, 16 March
- Russia's powerful oil and gas company Gazprom has announced its first operation in Africa, starting to drill a prospecting well in Algeria's Berkine basin. A deeper Algerian-Russian cooperation could lead to a joint control of most of Europe's large natural gas market.

Gazprom's entrance in Algeria and Africa was announced in a statement by the private-public company, which is the largest natural gas producer in the world and also Russia's largest company.

The company now has "commenced drilling of the first prospecting well (Rhourde Sayah-2) in Africa within the El Assel license area of Algeria's Berkine basin," the statement said. Gazprom is hoping to find commercial quantities of natural gas in the well. The El Assel license block is located in the Berkine Basin, 500 kilometres south of Algiers and 150 kilometres from the town of Hassi Messaoud – a gas production centre.

Gazprom EP International is operator of the said project in partnership with the Algerian State Oil and Gas Corporation Sonatrach. Gazprom and Sonatrach hold a 49 and a 51 percent stakes in the project.

Meanwhile, Gazprom also announced it was carrying out "large-scale 3D seismic surveying in other parts of the license area." According to preliminary estimates, drilling of the first well was to be completed in June 2010 and another three wells are to be drilled within 2 years, according to the company.

Algeria's proven natural gas reserves account for 4.5 trillion cubic meters. This is second-largest in Africa after Nigeria, which has proven reserves of 5.15 trillion cubic meters. The bulk of Algeria's natural gas reserves are concentrated in the central and eastern parts of the country.

Gazprom has been present in Algeria since 2006, when the Russian company signed the Memorandum of Understanding with Sonatrach. The document identified the several key areas for cooperation deepening, including geological exploration, production, transmission, gas transport and distribution system development, asset swaps, processing and marketing of oil and natural gas in Algeria, Russia and in third countries.

Russia and Algeria are, together with Norway, the main sources for natural gas in Europe, a major energy source for households and the industry. During the last years, Europe's dependence on Russian gas imports has become increasingly controversial as Moscow has used its control over the resource to pressurise neighbours such as Ukraine.

A possible alliance between Russia and Algeria regarding gas prices and gas exports has caused concern in the European Union (EU), which is seeking to diversify its energy imports and lessen its dependence of Russia.


- Create an e-mail alert for Algeria news
- Create an e-mail alert for Economy - Development news


 
    Printable version


On the Afrol News front page now

Rwanda
Rwanda succeeds including citizens in formal financial sector

afrol News - It is called "financial inclusion", and it is a key government policy in Rwanda. The goal is that, by 2020, 90 percent of the population is to have and actively use bank accounts. And in only four years, financial inclusion has doubled in Rwanda.

Famine warning: "South Sudan is imploding"

afrol News - The UN's humanitarian agencies now warn about a devastating famine in Sudan and especially in South Sudan, where the situation is said to be "imploding". Relief officials are appealing to donors to urgently fund life-saving activities in the two countries.
Guinea
Panic in West Africa after Ebola outbreak in Guinea

afrol News - Fear is spreading all over West Africa after the health ministry in Guinea confirmed the first Ebola outbreak in this part of Africa. According to official numbers, at least 86 are infected and 59 are dead as a result of this very contagious disease.
Ethiopia
Ethiopia tightens its already strict anti-gay laws

afrol News - It is already a crime being homosexual in Ethiopia, but parliament is now making sure the anti-gay laws will be applied in practical life. No pardoning of gays will be allowed in future, but activist fear this only is a signal of further repression being prepared.
Ethiopia
Ethiopia plans Africa's biggest dam

afrol News / Africa Renewal - Ethiopia's ambitious plan to build a US$ 4.2 billion dam in the Benishangul-Gumuz region, 40 km from its border with Sudan, is expected to provide 6,000 megawatts of electricity, enough for its population plus some excess it can sell to neighbouring countries.



front page | news | countries | archive | currencies | news alerts login | about afrol News | contact | advertise | español 

©  afrol News. Reproducing or buying afrol News' articles.

   You can contact us at mail@afrol.com