Tag Archives: energy markets

Perspectives of the Algerian Oil & Natural Gas exports’ market


Algeria is one of the top gas supplier to Europe. Its economy is heavily dependent on hydrocarbons exports, and the OPEC member has been struggling to boost production to offset the fall in oil prices.

Algeria’s new energy minister Noureddine Bouterfa has said that Sonatrach foresees an increase in its oil and gas production in the order of 30% by 2020, reported state news agency APS. “Efforts are being deployed in order to reach this objective within the targeted schedule,” he said on July 18 at Hassi Messaoud, the country’s largest oil field. Continue reading Perspectives of the Algerian Oil & Natural Gas exports’ market

Stavanger- The oil capital of Norway


Stavanger – The oil capital of Norway – http://wp.me/p5RMel-R

Two worlds exist side by side in Stavanger, Norway’s fourth-largest city on the country’s south-western coast.

One world is that of the oil and gas industry, which accounted for much of the economic development in the past decades. It has earned Stavanger the nickname ‘oil capital’ – although the city’s government prefers the broader title ‘energy capital’.