TotalEnergies ditches Arzew polypropylene production project
The French major has abruptly decided to withdraw from the construction of a huge petrochemical plant in which it had been involved for almost five years.
At the head of a group of 11 desalination plants, Sonatrach is looking for a subcontractor to build and put into service a new unit near Algiers. Its construction, and that of two others, had however been the subject of an agreement with the national construction company Cosider.
A serious contender for being the next boss of Total, Stéphane Michel will soon leave behind his role with North Africa and the Middle East, peppered with complications, to move one step closer to his goal.
France's new ambassador in Algeria will have the difficult job of reviving bilateral relations, which are currently at a particularly low ebb. President Abdelmadjid Tebboune believes that France backed the "hirak" protest movement and his presidential rival Azzedine Mihoubi.
The Nigerian mines ministry is working on a strategy to start mining and exporting baryte, a mineral used to protect oil and gas exploration wells in countries where the oil industry is less developed than its own.
Since the position of African Union commissioner for peace and security was created in 2003, it has been held by an Algerian. But now there's near-unanimous agreement that the job, with expanded responsibilities, should go to another African powerhouse:
Algerian president Abdelmadjid Tebboune has been trying for several weeks to bring his influence to bear on the situation in the Sahel. He is relying particularly on African Union peace and security commissioner Smaïl Chergui, who is leading an intense lobbying operation in favour of deployment of a 3,000-strong AU force in the region.
Although Sonatrach had exercised its right of pre-emption over the Algerian assets of Anadarko - acquired by Oxy and for which Total had made an offer - the boss of the state-owned oil company has had to face up to reality:
With or without a revolution, it's business as usual for RedMed! The Fechkeur family-controlled group, which is already the uncontested leader in the oil sector services market, is now going after the oil infrastructure market alongside Chinese colossus China State