Petroleum Africa
Find us on: 
Thursday, March 8, 2018
US supermajor, ExxonMobil, is said to be showing an interest in Algeria’s oil and gas sector. Algeria plays host to just about every major E&P firm, except for ExxonMobil, but that could change, according to Abdelmoumen Ould Kaddour, head of state-run Sonatrach,
“It is important to highlight that a big major Exxon Mobil has shown an interest to come to Algeria,” Ould Kaddour told reporters, without expanding on the details.
Ould Kaddour also said he had resolved 80% of the state firm’s disputes with foreign firms, while Sonatrach had been able to fulfill gas supply contracts with Europe this winter despite rising domestic demand.
Algeria has been working on a new energy law to provide better incentives for foreign firms, which had been deterred by current terms.
" alt="TAG Oil Completes Fraccing Program at Egypt’s T100 Well in Western Desert">
" alt="Sintana to Expand Asset Base in Namibia with Acquisition">
" alt="Luanda Gives Afentra Nod for Azule Acquisition">
" alt="TotalEnergies Increases Stake in ROC’s Giant Moho Field and Sells Mature Assets">
" alt="Africa’s $824 Billion Debt Burden and Opaque Resource-Backed Loans Hinder its Potential">
" alt="African Refiners Ponder Threats to Energy Security for Africa as Transition Takes Center Stage">
" alt="Invictus Inks Gas Sales MOU to Deliver Power to Eureka Gold Mine">
" alt="Globeleq Acquires the 25 MWp Winnergy Solar PV Plant in Egypt">
