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Algeria

Patrick Durel to stay on as Macron's North Africa adviser

Conseiller chargé de l'Afrique du Nord et du Moyen-Orient à l'Elysée depuis 2020, Patrick Durel devrait voir sa mission prolongée.

Subscribers only Diplomacy 17.08.2022

Cevital defies global plastics market woes to launch Africa's largest plant

The agri-food group founded by Issad Rebrab plans to launch a €600m new plastic packaging manufacturing facility to supply the domestic market intially, then move into exports.

Subscribers only Business 16.08.2022

Sonatrach claims major Hassi R'Mel gas discovery

Sonatrech's announcement at the beginning of July of its discovery of a volume of between "100 and 340 billion cubic metres of gas for condensate" on the Hassi R'Mel perimeter came at a particularly opportune moment for the company, which is under pressure from its clients to increase the volume of its gas exports to Europe.

Subscribers only Energy 29.07.2022

MbS due in Algiers to talk oil and Arab League

Following his visit to Greece then France, Saudi Crown Prince Mohammed bin Salman (MbS) is heading to Algiers where he is expected by President Abdelmadjid Tebboune on Friday.

Subscribers only Diplomacy 28.07.2022

Sonatrach CEO Toufik Hakkar and Algerian Energy Minister Mohamed Arkab.© Billel Bensalem/APP/MaxPPP - Franco Romano/NurPhoto/AFP

Oil bill delayed as Sonatrach boss and energy minister Arkab clash

The two leading figures in Algeria's petroleum sector, the energy minister Mohamed Arkab and the managing director of Sonatrach Toufik Hakkar, have divergent views on the modalities for implementing the oil bill of 2019.

Subscribers only Energy, Politics 27.07.2022

The French Ambassador to Morocco Hélène Le Gal on the occasion of the ambassadors' tour in Lyon, France on August 30, 2019.© Nicolas Liponne/NurPhoto/AFP

Helene Le Gal tipped to become new EU chief for North Africa

Helene Le Gal, who has been French ambassador to Morocco since 2019, is being tipped to become head of the Middle East and North Africa department at the European External Action Service in Brussels.

Subscribers only Diplomacy 27.07.2022

Cevital group pressured to buy risky rapeseed crops

The agri-food group recently acquired the entire Algerian rapeseed output. However, it's a deal that looks more like a burden, as Cevital is still facing administrative obstacles to get its plant in Béjaia up and running.

Subscribers only Commodity Traders 25.07.2022

CREA employers' federation seeks to embody Algerian economic revival

Algeria's brand new CREA employers' federation has hit the ground running and established itself as a key player in the business community. It is keen to distance itself from the defunct business leaders' forum led by jailed oligarch Ali Haddad, a vestige of the last years of the Bouteflika regime.

Subscribers only Business 22.07.2022

Sonatrach's love-in with Chinese irks European and Asian rivals

China is hoovering up all the major Algerian hydrocarbon projects launched by state-owned Sonatrach, much to the chagrin of European, Korean and Indian firms.

Subscribers only Energy 21.07.2022

Spanish-Algerian spat endangers Repsol and Edison deal over Reggane Nord

After Tecnicas Reunidas, another Spanish oil company could be affected by Algeria's suspension of its friendship treaty with Spain. Sonatrach could oppose the sale of Edison's interests in the Algerian onshore sector to Repsol.

Subscribers only Energy 20.07.2022

Maghreb Union's BMICE bank seeks raison d'être

Despite limited means and a governance paralysed by political rivalry, the Maghreb Bank for Investment and Foreign Trade is hoping to develop its activities. It is considering opening its capital to new partners and is increasing cooperation with international funders.

Subscribers only Finance 20.07.2022

Veon still waiting for payment from Algeria following the state's Djezzy takeover

Announced on 1 July, Algeria's purchase of Dutch-Russian group Veon's 45% stake in the mobile operator Djezzy has not been finalised, as Algiers has yet to make the $682m payment to the Dutch-Russian group. The group's general manager Matthie Galvani and his management team are therefore still in place.

Subscribers only Business 18.07.2022

Djezzy general manager, Matthieu Galvani.

US firm GHSN to pioneer foreign hospital management alongside Groupe Souakri

Groupe Souakri, the Algerian partner of the LafargeHolcim cement firm and Renault Trucks, has asked Global Health Services Network to design its future private hospital and paramedical training centre in Meftah. The American group will also manage the new complex, at least during the early years.

Subscribers only Infrastructure 14.07.2022

Algeria appoints new ambassador to France

Breaking news published 12/7/22 at 12:25. Algerian president Abdelmadjid Tebboune has appointed an experienced diplomat to head the Algerian embassy in France.

Subscribers only Diplomacy 12.07.2022

EY and Deloitte call it a day

Despite being allowed to reopen a few weeks after the authorities obliged them to halt work, the two global auditing giants will put an end to their consulting activities in Algeria. Their competitors KPMG and PwC are not yet concerned.

Subscribers only Business 12.07.2022

Oxy keen to move on from post-Anadarko apathy

Occidental Petroleum CEO Vicki Hollub was in Algiers to talk future plans with the government on 30 June. After failing to sell its Algerian portfolio, the oil company has decided to double down and invest more in the country.

Subscribers only Energy 11.07.2022

In Algiers, Kais Saied gets borders reopened, but no new gas

Algerian President Abdelmadjid Tebboune, despite being a supporter of his neighbouring leader, resisted Tunisian requests for additional gas contracts.

Subscribers only Energy, Diplomacy 08.07.2022

Kais Saied and Algerian president Abdelmadjid Tebboune attend the celebration the anniversary of Algeria's independence on 5 July, 2022.

Equatorial Castel Coca-Cola merger caught up in Algiers-Madrid diplomatic spat

The merger between three Algerian Coca-Cola distributors into a single unit controlled by Equatorial, owned by the American giant and Spanish Cobega, requires approval from local authorities. Meanwhile, Algeria is in a trade war with Madrid.

Subscribers only Business 07.07.2022

After Hassi Messaoud, Tecnicas Reunidas launches arbitration process over Touat

It's going from bad to worse for Spanish firms in Algeria, and the consequences of the diplomatic crisis between the two countries are most visible in the oil sector.

Subscribers only Energy 06.07.2022

Moscow plans to hold its Russian-Arab summit in Cairo instead of Marrakech

The Russian-Arab Cooperation Forum, initially scheduled to take place in Marrakech in November 2020 and then postponed for the first time to November 2021 at the request of Moscow, could finally be held in Cairo.

Subscribers only Diplomacy 06.07.2022

Timetable not only snag facing 1000 MW solar power hopefuls

Since postponing the submission of applications for what will be Algeria's first major solar power sites, the country's authorities have yet to set a new date. On top of this, there are a number of regulatory and financial pitfalls facing potential developers.

Subscribers only Energy 04.07.2022

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Algeria

Patrick Durel to stay on as Macron's North Africa adviser

Cevital defies global plastics market woes to launch Africa's largest plant

Sonatrach claims major Hassi R'Mel gas discovery

MbS due in Algiers to talk oil and Arab League

Oil bill delayed as Sonatrach boss and energy minister Arkab clash

Helene Le Gal tipped to become new EU chief for North Africa

Cevital group pressured to buy risky rapeseed crops

CREA employers' federation seeks to embody Algerian economic revival

Sonatrach's love-in with Chinese irks European and Asian rivals

Spanish-Algerian spat endangers Repsol and Edison deal over Reggane Nord

Maghreb Union's BMICE bank seeks raison d'être

Veon still waiting for payment from Algeria following the state's Djezzy takeover

US firm GHSN to pioneer foreign hospital management alongside Groupe Souakri

Algeria appoints new ambassador to France

EY and Deloitte call it a day

Oxy keen to move on from post-Anadarko apathy

In Algiers, Kais Saied gets borders reopened, but no new gas

Equatorial Castel Coca-Cola merger caught up in Algiers-Madrid diplomatic spat

After Hassi Messaoud, Tecnicas Reunidas launches arbitration process over Touat

Moscow plans to hold its Russian-Arab summit in Cairo instead of Marrakech

Timetable not only snag facing 1000 MW solar power hopefuls

After Lebanon, PPP specialist Ziad-Alexandre Hayek looks to Tunis

Spotlight
Algiers-Madrid split endangers Técnicas Reunidas's $3.7bn refinery

New 'Mr Africa' for Algeria's Foreign Affairs Ministry

GE says its battle with insurers over Hadjret En Nouss plant must go to arbitration court

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About Africa Intelligence

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Indigo Publications' websites

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Algeria

Patrick Durel to stay on as Macron's North Africa adviser

Cevital defies global plastics market woes to launch Africa's largest plant

Sonatrach claims major Hassi R'Mel gas discovery

MbS due in Algiers to talk oil and Arab League

Oil bill delayed as Sonatrach boss and energy minister Arkab clash

Helene Le Gal tipped to become new EU chief for North Africa

Cevital group pressured to buy risky rapeseed crops

CREA employers' federation seeks to embody Algerian economic revival

Sonatrach's love-in with Chinese irks European and Asian rivals

Spanish-Algerian spat endangers Repsol and Edison deal over Reggane Nord

Maghreb Union's BMICE bank seeks raison d'être

Veon still waiting for payment from Algeria following the state's Djezzy takeover

US firm GHSN to pioneer foreign hospital management alongside Groupe Souakri

Algeria appoints new ambassador to France

EY and Deloitte call it a day

Oxy keen to move on from post-Anadarko apathy

In Algiers, Kais Saied gets borders reopened, but no new gas

Equatorial Castel Coca-Cola merger caught up in Algiers-Madrid diplomatic spat

After Hassi Messaoud, Tecnicas Reunidas launches arbitration process over Touat

Moscow plans to hold its Russian-Arab summit in Cairo instead of Marrakech

Timetable not only snag facing 1000 MW solar power hopefuls

After Lebanon, PPP specialist Ziad-Alexandre Hayek looks to Tunis

Spotlight Algiers-Madrid split endangers Técnicas Reunidas's $3.7bn refinery

New 'Mr Africa' for Algeria's Foreign Affairs Ministry

GE says its battle with insurers over Hadjret En Nouss plant must go to arbitration court

Create a notification

About Africa Intelligence

Subscription

Africa Intelligence on social media

Indigo Publications' websites

Spotlight
Algiers-Madrid split endangers Técnicas Reunidas's $3.7bn refinery