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Algeria Press Service

Current exchange rate Algerian Dinar|23/04/2017

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29/04/2017 00:37

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Wednesday, 26 April 2017 17:36

Boutarfa receives Venezuela's Oil minister

ALGIERS- Venezuela's Minister of Oil and Mines Nelson Martinez was received Wednesday, in Algiers, by Minister of Energy Noureddine Boutarfa, to consult on the next meeting of the Organization of Petroleum Exporting Countries (OPEC).

Martinez, upon his arrival in Algiers, told reporters that the visit is part of a trip to several countries, including Russia.

The Venezuelan official said he will hold discussions with Boutarfa about a number of topics, including the next OPEC meeting to take place on May 25 in Vienna, Austria.

"I'm here to resume discussions with Boutarfa, we started previously, and tackled issues upon which we havee already agreed."

Martinez added that he was carrying a message from President Nicolas Maduro of Venezuela, who proposes "to hold shortly a summit for the leaders of OPEC and non-OPEC countries.

Boutarfa said the meeting with his Venezuelan counterpart is part of the consultations on the next OPEC meeting, during which a further support to last November's oil agreement will be considered.

The Algerian official added that he will raise with Martinez the possibility to organize a summit gathering together the leaders of OPEC and non-OPEC countries. 

Published in ECONOMY

TIPASA- Algeria does not currently need shale gas and the future is in renewable energy, said Tuesday in Kolea Minister of Energy Noureddine Boutarfa.

"Algeria doesn't need, in the short term, to use its shale gas, because it has other natural resources, including gas," Boutarfa told APS on the sidelines of a conference on the national renewable energy programme at the Higher Institute of Commercial Studies in Kolea (Tipasa, 70-km west of Algiers).

The minister said "the energy sector is witnessing fast changes in the technologies used in energy production," adding "the future is in renewable energy."

There are many studies in the field and the energy mode in Algeria may change by the year 2050, said the minister.

"However, Algeria has adopted a strategy that will adapt to all scenarios, according to future studies and the needs of global markets," he explained.

Published in ECONOMY

ALGIERS- Minister of Energy Noureddine Boutarfa has received, Monday in Algiers, the CEO of the Spanish company Gas Natural Fenosa, Rafael Villaseca, said the ministry in a statement.

During the audience, Boutarfa and Villaseca expressed satisfaction at the special relations between the national hydrocarbon company Sonatrach and Gas Natural Fenosa, added the statement.

They also expressed their willingness to "strengthen these relations in the medium and long terms through the renewal of gas supply agreements as well as through the examination of new partnership opportunities," said the Ministry's statement.

Boutarfa recalled that Algeria is a "major and reliable partner on the international gas market owing to the investments launched to meet the demands of its partners."

He also underlined Algeria's commitment to developing its resources.

During the audience, the two sides discussed the evolution of the gas sector and its prospects given its place in the global energy mix.

Published in ECONOMY

ALGIERS- Minister of Energy Noureddine Boutarfa underlined, Saturday in Algiers, the need to promote energy efficiency in order to ensure the success of energy transition and Algeria's energy development policy by the year 2030.

"We have to improve energy efficiency (...) if we invest in renewable energies and continue to not use it properly, we would worsen our situation," said Boutarfa at the 21st Seminar on Sustainable Development, held by the National Polytechnic Institute (ENP) to mark Youm el Ilm (the Day of Knowledge).

Energy efficiency has not improved over the past years owing to the abundance of primary energy and its low price, he said, adding that energy indicators for the year 2030 require more efforts to improve it.

In this regard, Boutarfa said that oil production capacity is expected to drop to 30 million tonnes per year in 2030, against 50 million tonnes/year in 2015 and 41 million tonnes/year in 2000.

Natural gas output capacity would increase to 117 billion cubic metres per year in 2030 against 85 billion m3/year in 2016, he added.

However, the minister said "the demand is expected to increase significantly to reach 69 billion m3/year in 2030, against 40 billion m3/year in 2015 and 20 billion m3/year in 2000, which would make us wonder about export volumes."

He added that electricity produced from renewable energy would reach 12,000 megawatt in 2030, against nearly 500 MW currently.

The minister also underlined the need to "find other energy resources and to no longer depend on hydrocarbon sector, and consider necessary changes to our economy so that our future would be 50% green."

Published in ECONOMY

BRUSSELS- Minister of Energy Noureddine Boutarfa has held discussions, Tuesday in Brussels, with his Lithuanian counterpart Zygimantas Vaiciunas on prospects for cooperation between the two countries, said a diplomatic source.

During the discussions, held on the sidelines of the 2nd session of Algeria-European Union High Level Political Dialogue on Energy, Boutarfa and Vaiciunas examined relations between Algeria and Lithuania in the field of energy and prospects for the development of energy cooperation between the two countries, particularly in the field of liquefied natural gas (LNG) and renewable energy, said the source.

The two sides also discussed the "current situation of the global gas market and its evolution, as well as business opportunities and future prospects for cooperation," added the source.

In this regard, Boutarfa and Vaiciunas agreed to put hydrocarbon companies of the two countries in contact with a view to examining possibilities to develop partnerships, especially in the field of LNG, said the source.

Published in ECONOMY

BRUSSELS- Algeria has intensified its exploration activities in order to meet energy needs of the domestic market and to "strengthen" its position as a "reliable" player on the international market, Minister of Energy Noureddine Boutarfa said Tuesday in Brussels.

"We have intensified our exploration activities to increase our reserves not only to meet the growing needs of our domestic market but also to strengthen our position as an active and reliable player on the regional and international markets," said the minister at the opening of the 2nd session of Algeria-European Union High Level Political Dialogue on Energy.

During the meeting, he co-chaired with European Commissioner for Climate Action and Energy Miguel Arias Canete, Boutarfa underlined that Algeria would continue to invest to meet the needs of its partners, and would continue to promote cooperation.

Algeria, which is the largest natural gas producer in Africa and the third natural gas supplier to Europe after Russia and Norway, aims at "maintaining its place on the European gas market," he said.

"Europe is the most important market for the Algerian gas," he added.

Algeria has launched a major plan for the development of its hydrocarbon resources, said the minister, adding that this plan has allowed for the first time since nearly a decade to increase hydrocarbon output and exports in 2016, especially natural gas exports.


=Algerian hydrocarbon reserves: underexplored potential=


Algeria's potential in terms of hydrocarbon reserves is "important, but remains underexplored," said the minister.

The country has 1.5 million km² of sedimentary basins, of which two thirds have not been yet been explored, especially in the southwest and north of Algeria, while 100,000km² in the offshore are completely unexplored.

"The intensification of exploration activities is at the heart of our strategy and investment opportunities are open for our partners," said Boutarfa.

"Algeria has good quality infrastructures, favourable exploitation conditions and skilled human resources," he added.

The Energy minister also expressed Algeria's willingness to develop its partnership with Europe for the creation of an "area of shared prosperity."

Published in ECONOMY

ALGIERS- Minister of Energy Noureddine Boutarfa has received, Sunday in Algiers, a British delegation led by Lord Mayor of the City of London Andrew Parmley, with whom he examined business and investment opportunities between Algeria and the UK, especially in the field of energy, said the Ministry in a statement.

Boutarfa and Parmley examined ways and means to finance structuring projects in the sector of energy in Algeria, said the statement.

During the discussions, the minister underlined the partnership projects likely to be concluded in the field of renewable energy.

In this regard, Boutarfa invited firms, investors and financial institutions to respond to the call for investments for the project of 4,050MW solar power plant, which should include the development of local manufacturing of related equipment, said the Ministry's statement.

"The project will be followed by another project of equal importance in the field of wind energy," said the minister, adding "these two projects represent a genuine engine for the socioeconomic development and would open unprecedented prospects for fruitful business and investment opportunities in the African continent."

Boutarfa also gave a broad outline of Algeria's energy policy and investment opportunities in the oil and gas field, as well as in the petrochemical and processing industries.

In this regard, the Lord Mayor of the City of London expressed the willingness of British authorities to "develop business relations with Algeria, which is among their priority and with Africa in general."

Published in ECONOMY

ALGIERS- Minister of Energy Noureddine Boutarfa and the director general of the French Development Agency (AfD), Remy Rioux, examined Thursday in Algiers financing opportunities of renewable energy projects, the ministry said in a statement. 

The two sides "tackled various issues relating to the financing of projects aimed at energy diversification and development of renewable energies," according to the statement. 

The minister mentioned the 4,000 MWp photovoltaic solar energy project Algeria intend to launch soon.

The project is made up of three sections of about 1,300 MWp each.

Boutarfa stressed the government's will to manufacture the relevant equipment in Algeria and promote local management of projects.

He voiced the ambition to make of the 4,000 MWp project a vehicle for the development of investment and business opportunities in Africa. 

In addition to the AfD, a number of major international financial institutions expressed interest to contribute to the execution of the project, the statement disclosed.



Published in ECONOMY

ALGIERS- Minister of Energy Noureddine Boutarfa and the director general of the French group Engie (former GDF Suez), Isabelle Kocher, examined the relations between Engie and national hydrocarbon group Sonatrach in the gas field and cooperation prospects between the two companies, the ministry said Thursday in a statement.

The two officials broached "the current situation of the world gas market and its evolution."

They also raised "business opportunities and the future of investment prospects in structuring projects in Algeria," according to the statement.

Discussions between Boutarfa and the director general of Engie group mainly focused on a photovoltaic electric power generation project, with a capacity of 4050 MWp.

Published in ECONOMY

ALGIERS- Minister of Energy Noureddine Boutarfa installed Thursday Arezki Hocini as acting chairman of the executive committee of the National Agency for the Development of Hydrocarbon Resources (Alnaft), in replacement of Sid Ali Betata, called back o the ministry of Energy, a source from the ministry said.

After he thanked Betata for his efforts to develop the agency since its creation in 2005, Boutarfa invited Alnaft's acting chairman to boost the development process of hydrocarbon industry in Algeria.

He also urged him to "take the necessary steps to promote investments and draw investors in oil and gas exploration."

Betata called Hocini to be "proactive and innovative to give a fresh impetus to the implementation of the national energy policy, while respecting the legal and regulatory provisions." 

The minister urged Alnaft "to prepare for the future with diligence and proactivity, especially with the falling oil prices."


Published in ECONOMY

ALGIERS- The minister of Energy Noureddine Boutarfa called Wednesday, in Algiers, to facilitate the creation of a Mediterranean energy market and to develop an “integrated, safe and lasting” regional power transmission network, said the ministry in a communiqué.

In an audience granted to the Secretary General of the Association of the Mediterranean Transmission System Operators (Med-TSO) Angelo Ferrante, Boutarfa called to increase efforts and support the institutional initiatives aimed at facilitating the creation of a Mediterranean energy market and developing an integrated, safe and lasting regional power transmission network,” said the communiqué.

In this regard, the minister expressed his satisfaction regarding Med-TSO’s contribution to the construction of an integrated and secure network for power transmission in the Mediterranean, thanks to the coordinated actions at the institutional level by member countries.

He also insisted on the need for Med-TSO to further focus on the studies and the implementation of a shared database to become “a competent and proactive player, as well a source of proposals” for institutions and other relevant European and Mediterranean stakeholders.

Published in ECONOMY

ALGIERS- Minister of Energy Noureddine Boutarfa on Monday chaired a Sonatrach Borad of Directors' meeting and installed Abdelmoumen Ould Kaddour as chief executive officer of the national oil group in replacement of Amine Mazouzi, the ministry of Energy said in a statement.

The minister of Energy called the new CEO of Sonatrach "to act responsibly and with full confidence to make quality changes allowing Sonatrach to evolve and flourish in a good business climate, conducive to initiative taking and decision making," the statement said.

He also invited the CEO and the top executives of Sonatrach "to show an unfailing commitment to preserving the group's interests and managerial practices to allow it to adapt to changes."




Published in ECONOMY

PARIS (France)- Minister of Energy Noureddine Boutarfa reaffirmed Monday, in Paris (France), at the 15th Global Forum on Sustainable Development that renewable energies in Algeria are a “national priority,” recalling in this regard, the important national programme.

“Under the impetus of the president of the Republic, his Excellency President Abdelaziz Bouteflika, renewable energies raised to the level of national priority. Given the importance of Algeria’s solar potential, its large area, the national withheld energy transition is focused on the development of renewable energies, particularly by the achievement of photovoltaic solar power plants and wind farms,” said the minister in a speech given in front of the participants to the forum.

He highlighted the launch of the national renewable energies programme and the control of energy which was adopted by the government in 2011 and updated in 2015.

“We have set ambitious and promising goals in terms of renewable energies and we are determined to make the next twenty years the era of sustainable energy deployment for the country,” he explained, recalling that the national programme “foresees 47 to 51 TWh by 2030/2040 representing more than 27% of mixed energies, including more than 9 TWh, a capacity totalling 4,500 MWc should be set up by 2020/2022.”


Published in ECONOMY

ALGIERS- The 15th Global Forum on Sustainable Development will be held Monday in Paris in the presence of Minister of Energy Noureddine Boutarfa, said Sunday the ministry in a communiqué.

During this forum which will be held under the theme “The Mediterranean and regional perimeters,” the participants will broach the issue of energy in the Mediterranean region as well as the issue of development according to two complementary angles of local development and geo-strategic alliances, said the communiqué.

They will also discuss issues relating to energy transition and environment protection.

At the opening of the forum, Boutarfa will make a speech devoted to “energy prospects and sustainable development of North Africa and the Middle East.”

The minister will also broach some of Algeria’s main political energy points, its experience in access to energy, its involvement in renewable energies and the efforts that have been made for an effective energy transition, added the source.


Published in ECONOMY

ALGIERS- Minister of Energy Noureddine Boutarfa broach Wednesday, in Algiers, with the Spanish minister of Foreign Affairs and International Cooperation Alfonso Dastis Quecedo the business and investment opportunities between the two countries in the field of energy, particularly in renewable energy, said the ministry in a communiqué.

Boutarfa reaffirmed Algeria’s willingness to diversify its resources while developing its industry, inviting Spanish companies to invest in Algeria and to respond to the call for expression of interest to be launched by Algeria shortly to carry out the 4,000 MWp (megawatt-peak) in photovoltaic solar energy.

It is a project built in three sections and associated to an industrial aspect of local equipment manufacturing, said the statement.

Dubbing the bilateral energy relations “satisfactory and positive,” the two parties also welcomed the bonds of trust between the companies of the two countries “thanks to stable and strong partnerships,” said the source.

The two ministers called for a framework of economic consultations and exchange of experiences to gather the necessary conditions to increase exchanges between the two countries.

The stabilization of oil markets, economic indicators and conditions to relaunch global economy were also on the menu of this meeting, said the ministry.

Dastis started Wednesday a two-day working visit to Algeria to deepen political dialogue between the two countries on issues of common interest and to review bilateral relations in view of the holding, this year in Algiers, of the 7th Algerian-Spanish High Level meeting.

Published in ECONOMY

ALGIERS- The holders of interbank cards can henceforth pay their electricity bills online after the signing of an agreement between the national electricity and gas company SONELGAZ and the National Bank of Algeria (BNA).

The partnership agreement was inked by the CEO of SONELGAZ, Mustapha Guitouni and the CEO of the National Bank of Algeria, Achour Abboud, in presence of Minister of Finance Hadji Babaammi and Minister of Energy Noureddine Boutarfa, as well as Minister for Digital Economy and Financial System Modernization Mouatassem Boudiaf.

In accordance with the agreement, the holders of interbank cards of the BNA or any other banks operating in Algeria, would be able to pay their electricity and gas bills online through the four websites of SONELGAZ distribution companies, 24 hours a day and 7 days a week.

BNA and SONELGAZ expect 30 online payment operations in 2017, said Abboud.

This agreement shows the willingness of SONELGAZ to improve its services and its relation with its customers, said Boutarfa.

Published in ECONOMY

ALGIERS- Minister of Energy Noureddine Boutarfa has received, Tuesday in Algiers, Azerbaijani Ambassador to Algeria Meher Aliyev, with whom he discussed energy investment and partnership opportunities between the two countries, said the Ministry in a statement.

The two sides also discussed the evolution of oil markets and cooperation between the members of the Organization of Petroleum Exporting Countries (OPEC) and non-OPEC oil producers, said the statement.

Azerbaijan is among the eleven non-OPEC members, who committed to reducing their oil output by about 558,000 barrels a day, in accordance with the historic agreement reached with OPEC in Vienna last December.

OPEC and non-OPEC producers have lowered production by 1.8 million barrels a day since January, with a view to restoring oil market balance.

Published in ECONOMY

ALGIERS- Minister of Energy Noureddine Boutarfa examined, Tuesday in Algiers, business and investment opportunities in the field of renewable energies, with Indonesian Ambassador Safira Machrusah and Portuguese Ambassador Carlos Oliveira, said the Ministry in a statement.

During the two separate audiences, the two sides focused on "cooperation and partnership in the field of energy, as well as business opportunities and future investment prospects in structuring projects in Algeria, particularly in the field of renewable energies," added the statement.

Boutarfa presented the strategic projects to be launched soon, and recalled the importance attached by Algeria to the industrial promotion, SMEs development, the creation of jobs and value added, said the Ministry's statement.

The minister also examined with the two diplomats "the different areas of cooperation opportunities, exchange of experience and development of solutions to common concerns," added the statement.

Published in ECONOMY

ADRAR- Energy Minister Noureddine Boutarfa on Saturday in Adrar, stressed the importance of improving the storage capacities of energy products, according to demand.

During his visit to Adrar (1543 km south of Algiers),  Boutarfa has inspected the fuel storage centre of the National Company Naftal where he informed about the centre’s activity in terms of storing all types of fuel, the sources of its supply and its distribution network.

In this regard, the minister expressed satisfaction with the good functioning of the unit, created and exploited since 1985.

Extending over an area of 03 hectares, the fuel storage unit of Adrar has a storage capacity of around 4000 cubic meters, enough to ensure a supply for a period of three days to one week.

The storage centre is supplied in the different typed of fuel from the provinces of Tlemcen, Bechar et Oran in addition to Sbaa refinery in Adrar.

Published in REGIONS

ALGIERS- Minister of Energy Noureddine Boutarfa head for Vienna, Austria, to participate Sunday in the first ministerial meeting of OPEC-non OPEC Monitoring Committee, a source from the Ministry told APS on Saturday.

The meeting will address the necessary mechanisms to carry out the monitoring that the member and non-member states of the Organization of Petroleum Exporting Countries (OPEC) entrusted to the ministerial Committee, which is co-chaired by Kuwait and Russia and comprises Algeria, Venezuela and Oman, said the source.

During the meeting, OPEC Conference President, Saudi Energy Minister Khalid al-Falih and his Qatari predecessor Mohammed bin Saleh al-Sada will attend the opening session of the Committee.

In a statement to the press upon his arrival in Vienna, Boutarfa said that the meeting would be devoted to issues related to the required monitoring systems, particularly, sources, planning, deadlines and warning systems.

"An additional information about exports will be requested from countries," he said, adding that "we will discuss (during the meeting) how to include exports indicator in the monitoring documents."

The minister said the Monitoring Committee would meet three times ahead of the next meeting of OPEC, scheduled for May.

Boutarfa also confirmed that Algeria had cut its output by more than 50,000 barrels per day (pbd), i.e. more than promised, adding that at present, Algeria is producing 1.027 million bpd.

The proposal to set up a ministerial monitoring committee of the OPEC-non OPEC agreement is part of Algeria's proposal adopted by OPEC and non-OPEC member states during the meeting of December in Vienna.

The Committee is made up of the OPEC representatives: Algeria, Kuwait and Venezuela and the non-OPEC representatives: Russia and Oman.

Published in ECONOMY
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