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Algeria Press Service

Current exchange rate Algerian Dinar|26/03/2017

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28/03/2017 13:05

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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

LONDON (U.K.)- Algeria is determined to make the next 20 years an era of real development for sustainable energy, said the minister of Energy Noureddine Boutarfa.

“We have set ambitious and promising targets for renewable energy, and we are determined to make the newt 20years an era of real development for sustainable energy,” underlined Boutarfa in an interview to the Oxford Business Group published in its 2016 report on Algeria.

The minister recalled that Algeria’s national renewable energy programme envisages 47-57 TWh by 2030, of which more than 9TWh should be installed by 2020.

“The initial phase of our programme has already been launched, and since the end of 2016,  Algeria has a capacity of 343 MW distributed throughout 14 provinces,” he said, underlining that “currently, 16 plants, with a capacity of 195 MW are already functional and provide renewable energy to the network, and another six set to come on-line shortly.”

These first plants allowed identifying the constraints and challenges that can arise during the development of large-scale renewable energy projects, explained the minister.

Boutarfa underlined that the national renewable energy development programme will allow for the large-scale development of renewable facilities combined with a national industry, which will include all elements of the renewable value chain, including engineering, equipment and construction.

“We pay particular attention to creating the best conditions to achieve the objectives assigned to the new renewable development strategy,” he said.

The assessment of the national energy sector has confirmed that it possesses the needed competencies and capacities, and as such “our strategy will aim to help participating companies grow by guaranteeing them an environment suitable for their continued development,” he added.

Boutarfa added that “to accelerate the programme’s implementation, a call to investors for 4000 MW in solar technology is being finalized by the energy sector for the installation of electricity-generating facilities from renewable sources.”

“The call makes it possible for investors to build power plants for energy at pre-selected sites, which will facilitate the procedural aspects for investors, as well as increase the pace of implementation,” underlined the minister

Studies concerning the connection of these sites to the electricity grid are underway to determine the capacity of the power stations to be installed, he added.

Published in ECONOMY

ABU DHABI-The Energy Minister Noureddine Boutarfa and his counterparts from Saudi Arabia, Iraq, Kuwait and the Secretary General of the Organization of Petroleum Exporting Countries (OPEC) met Thursday in Abu Dhabi, added the Energy ministry.

The talks, held on the sidelines of the Atlantic Council Global Energy Forum in the Emirati capital city, focused on "the assessment of oil markets and the implementation of the follow-up mechanisms in anticipation of the meeting of the High monitoring committee to be held on 22 January in Vienna," said the source.

The ministers expressed their satisfaction with "the first effects of the reduction of supply following the last OPEC and non-OPEC last meeting," added the source.

"Algeria pursues its efforts to maintain the momentum achieved in September in Algiers and stabilize the oil markets on fair prices that are suitable for both producer and consumer countries," stated the source. 

Published in ECONOMY

ALGIERS- Minister of Energy Noureddine Boutarfa will participate in the first Global Energy Forum, which will be held on Thursday and Friday in Abu Dhabi, the United Arab Emirates, said Tuesday the Ministry in a statement.

Devoted to the geopolitics and geo-economics of the energy transformation, the Forum will focus on the energy market trends in the current geopolitical situation," said the statement.

The participants will also debate the trajectories of oil and gas markets as well as the strategies for the economic diversification and energy mix, particularly through the development of renewable energies, added the Ministry's statement.

Boutarfa will participate as a keynote speaker in a session on "Globalization of gas markets and its geopolitical consequences."

During the session, the minister will underline the development of the gas sector in Algeria, its potentialities and prospects, added the statement.

Published in ECONOMY

ALGIERS- Minister of Energy Noureddine Boutarfa held discussions Monday with the head of the European Union delegation to Algiers, John O'Rourke,  

During the discussions, the minister stressed the need to identify "concrete energy cooperation projects, particularly in the field of renewable energies."

Boutarfa also underlined "Algeria's efforts to meet the growing domestic demand and to remain a major and reliable energy supplier on the international market, especially the gas market," said the Ministry of Energy in a statement.

The minister also insisted on "the major role that renewable energies should play for the creation of wealth and jobs opportunities and for the economic and social development of Algeria," added the Ministry's statement.

Published in ECONOMY

ALGIERS- A national and international invitation to tender for the production of 4,000 megawatts (MW) of electricity from renewable energy sources will be launched soon, as part of the implementation of the National Renewable Energy Development Programme, reaffirmed Thursday in Algiers Minister of Energy Boutarfa Nourredine.

The Programme aims at reaching 22,000 MW by 2030, which will increase by over 27% electrical power generated from renewable energy sources, said Boutarfa in reply to a question of a deputy of the People's National Assembly on the situation of renewable energies in Algeria.

To that end, a national and international invitation to tender would be launched soon for the production of 4,000MW, he said, adding that the investors should manufacture locally some of the equipment used in converting renewable energy into electrical power, like solar panels.

The minister recalled that the different investments projects, worth DZD120 billion, launched nationwide have so far allowed the production of 400MW, citing the hybrid power plant in Hassi R'mel, which has a production capacity of over 100MW, and the pilot solar power plant in Ghardaia (1.1MW), in addition to 22 solar power plants (343MW) in 14 provinces.

The National Renewable Energy Development Programme will allow to save up 240 billion cubic metres of natural gas, i.e. US$63 billion, over 20 years.

Published in ECONOMY
Wednesday, 28 December 2016 15:29

Algeria to locally process all oil output by 2025

ALGIERS- Algeria will be able to locally process all its crude oil production by 2025 thanks to the petrochemistry projects currently in construction and under study, said Minister of Energy Noureddine Boutarfa in an interview to Expression daily newspaper, released on Wednesday.

"If all our projects in the refinery and petrochemistry are completed, Algeria will be able to process all its crude oil production by 2025," explained Boutarfa, adding that the country will become then a "marginal exporter" of oil.

Those projects will help achieve a "quality leap" in the field of diversification and the substitution of imports, according to the minister who added that the four future refineries of Tiaret, Hassi Messaoud, Biskra and Arzew will increase fuel production by nearly 20 million tonnes.

Those quantities are "widely sufficient for the domestic consumption, with a surplus which will be destined to export," said Boutarfa, qualifying this goal set by the government as the "biggest challenge for Sonatrach."

Concerning shale gas, the minister stressed that the "inevitable" fall of the conventional gas calls for the development of this resource.

"We have to develop this resource sooner or later. Now we have to dialogue and be sensitive to every one’s concerns so to “de-demonize” the non-conventional hydrocarbons," Boutarfa added.

Regarding the international calls to tender for the exploration and the exploitation of hydrocarbons in Algeria, Boutarfa said that the tax measures included in the hydrocarbon law en force since 2013 do not make them successful.

In this regard, he noted that the government may revise this law in its tax-related aspect if necessary.

Referring to the application of the Algerian crude oil production cut as part of the OPEC agreement, the minister explained that the National Agency for the Development of Hydrocarbon Resources (Alnaft) had the legal prerogative to compel all the foreign companies activating in Algeria to reduce their production.

  "The operation will be manageable since these will be decisions taken by mutual agreement between the national company and its partners, so there is no problem at this level. Thus, dividing  the cut quota which of 50000 barrels per day among the producers is applicable," he argues.

Concerning the international gas market, the minister said that Algeria has no other alternative but to compete with the other producers to defend its market shares.

According to Boutarfa, "we are facing a new reality (of the market)" and it will become “harder” to maintain the long-term contracts given the evolution of the Liquefied Natural Gas (LNG) marketing.

Published in ECONOMY

CAIRO (Egypt)- Minister of Energy Noureddine Boutarfa agreed Thursday, in Cairo, with the Kuwaiti minister of Oil, Essam Abdul Mohsen Al-Marzouq, to gather in mid-January, the High Committee in charge of monitoring the implementation of the OPEC agreement, with eleven non-member countries,  decreasing production, said the ministry.

During their meetings on the sidelines of the 97th ministerial meeting of the Organization of Arab Petroleum Exporting countries (OAPEC), the two sides discussed the mechanisms to be implemented to materialize the monitoring mission that the OPEP and non-OPEP member countries entrusted to this committee, co-chaired by Kuwait and Russia, and of which Algeria is a member along with Venezuela and the Sultanate of Oman, said the ministry in a communiqué.

This authority was put in place during the OPEP ministerial meeting held at the end of November, in Vienna (Austria), and in which the petroleum organization decided to reduce its offer by 1.2 million barrels per day, to raise its output to 32.5 million barrels per day. The decision was supported by 11 non-OPEC countries, including Russia, which concluded an agreement with the organization to reduce their production by about 558,000 barrels per day and thus, from 1st January.

The cooperation and investment opportunities in both countries’ sector of energy were also broached by Boutarfa and his Kuwaiti counterpart.

In addition, the minister of energy held discussions with the Egyptian minister of Petroleum and Mineral Resources Tarek El Malla, where they broached Algerian-Egyptian energy cooperation.

The participants in the 97th conference of Arab oil ministers, members of the OAPEC, hailed the Algiers agreement and the efforts made by its government to reach this historic agreement.

The conference’s agenda, in which Boutarfa took part, focused on the review of the latest developments in the markets and their impact on the oil industry, as well as the follow-up of joint cooperation projects in the oil sector.

On the occasion of the OAPEC meeting, an Algerian researcher, Djamel Harbi, received the organization’s scientific award for the year 2016.

The OAPEC includes Algeria, Saudi Arabia, United Arab Emirates, Kuwait, Egypt, Iraq, Qatar, Libya, Bahrain and Syria.

Published in ECONOMY

ALGIERS- The 97th session of the ministerial meeting of the Organization of Arab Petroleum Exporting Countries (OAPEC) will take place Thursday 22 December, in Cairo (Egypt), with the participation of the minister of Energy Noureddine Boutarfa said Tuesday, the ministry in a communiqué.

This meeting will be devoted to the review of the situation of the international petroleum market, the organizational issues and the evaluation of this organization’s activities, said the source.

OAPEC brings together ten Arab petroleum exporting countries: Saudi Arabia, Kuwait, Libya, Algeria, Bahrain, United Arab Emirates, Qatar, Iraq, Syria and Egypt.

Created in 1968, this organization based in Kuwait, aims to coordinate energy policies in Arab countries, with the goal to promote their economic development.

Published in ECONOMY

HOUSTON (Texas)-The Energy Minister Noureddine Boutarfa stated Thursday in Houston (Texas) that the Organization of Petroleum Exporting Countries (OPEC) will further reduce supply as of January, and expected a rebalancing of the market in the first semester of 2017.

Questioned by APS on the impact of the increase in OPEC's output in October on prices, Boutarfa said that "this growth was expected" given forward sales commitments.

"When OPEC reached an agreement in Algiers (on the reduction of output), forward sales in the months of October, November and December have already engaged," stressed Boutarfa, stating that "the decline in production will be greater."    

In this regard, the minister said he was convinced that the non-OPEC countries will respect their committments to cutting output by 558,000 barrels/day as of January. 

Published in ECONOMY
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