Energy
From The Report: Algeria 2017
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Production at maturing oil and gas fields is encouraging Algeria to consider new approaches with regards to its hydrocarbons potential. In line with rising demand for electricity, the country has invested significantly in the power sector over the past 10 years. With rising domestic consumption and growing environmental awareness, solar energy has come to occupy a more prominent role in the development of the energy mix.
This chapter contains interviews with Abdelmoumen Ould Kaddour, CEO, Sonatrach; and Tobias Becker, Senior Vice-President and Africa Director, ABB.
Articles from this Chapter
Unlocking potential: Major investments are focused on increasing sector turnover and enhancing activities along the value chain
Priority axis: Abdelmoumen Ould Kaddour, CEO, Sonatrach, on working with public and private sector actors to build industryOBGplus
Interview:Abdelmoumen Ould Kaddour What is Sonatrach’s investment plan in terms of exploration and production for the years to 2022? ABDELMOUMEN OULD KADDOUR: Sonatrach aims to strengthen Algeria’s energy potential, and fulfil the needs of national and international markets. Sonatrach’s medium-term plan for development outlines total investments of $56bn, of which $44bn will be dedicated to exploration and production. In terms of exploration, we aim to develop Algeria’s underground,…
Laws of attraction: The government is revising energy regulations with the aim of encouraging foreign investment in the upstream sectorOBGplus
The collapse in global oil prices has caused international interest in exploration and production (E&P) activities to slow down. Yet, Algeria has maintained its determination to boost its hydrocarbons sector, with plans targeting an increase in oil and gas output by 14% and 13%, respectively, by 2019. To keep up the momentum in the face of declining foreign interest, state-owned oil and gas company Sonatrach has plans to invest upwards of $50bn in E&P between 2016 and 2021. Sluggish…
Laws of attraction: The government is revising energy regulations with the aim of encouraging foreign investment in the upstream sectorOBGplus
The collapse in global oil prices has caused international interest in exploration and production (E&P) activities to slow down. Yet, Algeria has maintained its determination to boost its hydrocarbons sector, with plans targeting an increase in oil and gas output by 14% and 13%, respectively, by 2019. To keep up the momentum in the face of declining foreign interest, state-owned oil and gas company Sonatrach has plans to invest upwards of $50bn in E&P between 2016 and 2021. Sluggish Interest The collapse in global oil prices in 2014 has affected foreign investment in Algeria’s hydrocarbons sector; however, the scarcity…
The balance of power: Tobias Becker, Senior Vice-President and Africa Director, ABB, on diversifying energy sources and boosting efficiencyOBGplus
Interview:Tobias Becker What are the main challenges to improving energy efficiency in African markets? TOBIAS BECKER: In quite a number of African countries, electricity fees do not accurately represent production costs. This is not a strong incentive to improve energy efficiency, which is a shame. The current level of affordability is preventing players from investing in more sophisticated power equipment and infrastructure, even though the payback from these investments would be reasonably…
Streamlining: Efforts to reduce consumption and boost efficiency are under wayOBGplus
In line with rising demand for electricity, Algeria has invested significantly in its power sector over the past 10 years, with projects primarily carried out by state-owned power company Sonelgaz and its subsidiaries. Major upgrades embracing enhanced technologies have also been brought on-stream; however, there remains a pressing need to further optimise production and reduce consumption to keep up with demand. Consumption Trends Power demand in Algeria increased by an annual average…
Solar ambitions: A renewable energy focus is taking shape with the announcement of a slew of photovoltaic projectsOBGplus
Faced with dwindling oil and gas revenues, rising domestic consumption and growing environmental awareness, solar energy has come to occupy a more prominent role in the development of the country’s energy mix in recent years. Testament to this are government plans to develop a 4-GW solar project. Infrastructure First announced in March 2017, the project will comprise six solar plants to be installed at different sites across the country. It will be parcelled into three separate…
