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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Amend the energy law to entice companies to return to Algeria

    Rocky
    Rocky
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    • Post n°1

    Amend the energy law to entice companies to return to Algeria Empty Amend the energy law to entice companies to return to Algeria

    Post by Rocky Thu 01 Feb 2018, 6:37 am

    [size=30]Amend the energy law to entice companies to return to Algeria[/size]
    01/02/2018 02:33 | Number of readings: 52
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    [rtl]Trend Press / Agencies[/rtl]
     
     
    [rtl]International energy companies have shown their readiness to review their refusal to invest in Algerian oil and gas fields after the authorities announced their intention to review the energy law, especially the tax aspects, and to make them more incentive for investors .[/rtl]
     
    [rtl]The state-owned company Sonatrach has disclosed that Norway's Statoil has made proposals to resume gas production in the southwestern province of Hasi-Moine, which it abandoned in 2008 .[/rtl]
     
    [rtl]The Norwegian company justified its withdrawal from the field at the time, one year after digging it for the first well, because the basin was unprofitable .[/rtl]
     
    [rtl]"The Norwegian company made proposals during a recent visit by the British Statoil and BP officials to the Tiginturin facility, which was attacked five years ago, " Jettou said .[/rtl]
     
    [rtl]Sonatrach responded by requesting a formal proposal from Statoil to consider and negotiate with a view to signing a new contract .[/rtl]
     
    [rtl]The combined production capacity of Sonatrach, BP and Statoil of Norway is more than 8.8 billion cubic meters of gas per year .[/rtl]
     
    [rtl]The country exported around 55 billion cubic meters of gas last year, according to Sonatrach's latest data.[/rtl]



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