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Algeria OPEC News. Service for global professionals. Constantly updated news and information about Algeria.
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Latest Algeria OPEC News

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  • Tackling Energy Deficit : India can gain from cooperation with Africa on basis of mutual benefit 14 Dec 2009 04:32 GMT
    ... in Ghana, Sao Tome and Principe and Uganda. At present six African countries, Libya (OPEC member), Nigeria (OPEC member), Algeria (OPEC member), Angola (OPEC member), Sudan and Egypt together hold about 93% of the continent’s total oil reserves. Other oil ...

  • Lukoil's Basra bonanza 14 Dec 2009 17:22 GMT
    ... Exporting Countries Forum (GECF), nicknamed the gas OPEC. Reports in Kommersant and Vedomosti said that ... Bokhanovsky said. The forum comprises Qatar, Russia, Algeria, Bolivia, Venezuela, Egypt, Iran, Libya, Nigeria, Trinidad & Tobago and Equatorial Guinea. It ...

  • OPEC unlikely to raise oil output, say some ministers 9 Dec 2009 14:35 GMT
    ... and Luke Pachymuthu of Reuters DOHA - OPEC should not raise its oil output targets ... for Iran, the second-largest producer in the Organization of the Petroleum Exporting Countries, said current prices were not favourable and ... from around 80 per cent in April. Algeria's oil minister, who was also in Doha ...

  • Russian Takes the Helm of 'Gas OPEC' 9 Dec 2009 20:12 GMT
    ... exporting countries informally known as the Gas OPEC has elected a Russian as its first ... evolves into a cartel, much like the Organization of the Petroleum Exporting Countries is for crude oil, it could put ... group for Russia's interests. The members include Algeria, Bolivia, Egypt, Equatorial Guinea, Iran, Libya, Qatar, ...

  • Despite euphoria in the crude markets, fears continue 13 Dec 2009 00:33 GMT
    ... also indicated, unusually much before the next OPEC (Organization of the Petroleum Exporting Countries) ministerial, that the producers’ group was currently ... likely hold its output targets “as is.” Algerian Oil Minister Chakib Khelil believed that it ...

  • Qatar Emir Wants Gas, Oil Prices Linked 10 Dec 2009 18:20 GMT
    ... stabilize global prices of natural gas. The GECF, a gas cartel equivalent of the Organization of the Petroleum Exporting Countries (OPEC), features Algeria, Bolivia, Egypt, Equatorial Guinea, Iran, Libya, Nigeria, Qatar, Russia, Trinidad and Tobago and Venezuela. ...

  • Gas exporters to meet in Qatar on Wednesday 9 Dec 2009 01:30 GMT
    ... Forum (GECF), a "gas equivalent" of the Organization of the Petroleum Exporting Countries (OPEC), will discuss ways to stabilize global prices ... in the alphabetical order, which means an Algerian candidate could take the post. Qatari Energy ...

  • Gas exporters to meet in Qatar on December 9 9 Dec 2009 07:11 GMT
    ... Forum (GECF), a "gas equivalent" of the Organization of the Petroleum Exporting Countries (OPEC), will discuss ways to stabilize global prices ... in the alphabetical order, which means an Algerian candidate could take the post. Qatari Energy ...

  • Russian Will Lead Gas Exporting Alliance 10 Dec 2009 03:31 GMT
    ... further flooding the market. The members are Algeria, Bolivia, Egypt, Equatorial Guinea, Iran, Libya, Qatar, ... evolves into a cartel, much like the Organization of the Petroleum Exporting Countries is for ...

  • Russia heads 'gas OPEC' 10 Dec 2009 08:06 GMT
    ... of 11 countries that accounted for about 40% of world gas extraction – Russia, Algeria, Iran, Qatar, Trinidad and Tobago, Venezuela, Nigeria and other countries. Meanwhile, Russia accounts for ...

  • Could a gas Opec be forthcoming? 9 Dec 2009 21:47 GMT
    ... natural-gas producers, in an organisation such as Opec, would be a logical step as Russia ... will attend the forum include Venezuela and Algeria. It should soon be seen whether an effective 'Gaspec'-cartel could eventually be established, or whether ...

  • Russia heads 'gas' OPEC 10 Dec 2009 08:00 GMT
    ... largest gas exporter. Besides it, FCEG composes Algeria, Bolivia, Venezuela, Egypt, Iran, Qatar, Libya, Equatorial Guinea, Trinidad & Tobago, and Nigeria. ... the Organization is called unofficially the Gas OPEC. ...

  • The Next Global Energy Cartel 10 Dec 2009 21:40 GMT
    ... to the Organization of Petroleum Exporting Countries (OPEC) in its early days. Founded in 1960, ... the economic interests of its members," said Algeria's Energy Minister Chakib Khelil. Citing low natural gas prices, he called for "the ...

  • Top gas producers tackle global glut 11 Dec 2009 17:30 GMT
    ... possible major gas monopoly, dubbed a "gas OPEC," has unnerved Europe, which gets much of ... defend the interests of its members," declared Algerian Energy Minister Chakib Khelil. He urged forum members to "reach agreement on a strategy ...

  • Gas forum seeks oil price link 9 Dec 2009 16:22 GMT
    ... December 9. 2009 3:41PM GMT The 'gas OPEC' says it will not increase production. The ... our ambitions.” On Tuesday, Chakib Khelil, the Algerian oil minister, said gas producers could justify investing in new projects only if they ...


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