Category:

Italy’s Eni reviews renewables for Algeria

Italian energy company Eni, the second-largest producer in Algeria, said it was reviewing renewable energy options in the country. Photo by photostock77/Shutterstock ALGIERS, Algeria, Nov. 4 (UPI) — Italian energy company Eni said its representatives met with Algerian officials to discuss an energy mix that includes plans for a renewable energy industry. Claudio Descalzi, the chief executive officer at Eni, joined executives from state-owned energy company Sontrach, Algerian Energy Minister Salah Khebri and Prime Minister Abdelmallek Sellel to outline future strategies in the country . "Among other things, they discussed on the energy mix issue and Eni offered its willingness to consider projects in partnership for the development of renewable energy," the Italian company said in a statement. Algeria has the 10th largest natural gas deposits in the world and is the third-largest supplier to Europe. Its exports have been in decline, however, because of lagging foreign investments. The […]

Posted On :
Category:

Algeria Backs Venezuela on OPEC, Non-OPEC Summit to Boost Prices

Algeria supports Venezuela’s call for a summit among heads of state from OPEC and other oil-exporting nations in a bid to lift crude prices, Algerian Foreign Minister Ramtane Lamamra said. ”Algeria has always been a pioneer when it comes to strengthening solidarity between producing countries,” Lamamra said Monday in an interview in Paris after meeting President Francois Hollande. “We would only convene a summit if its success is guaranteed; meetings at the level of ministers and experts will therefore precede such an event.” Venezuela has proposed that heads of state from the Organization of Petroleum Exporting Countries and other oil producers meet in November to discuss the price needed to sustain investments in future supplies, the country’s Oil Minister Eulogio del Pino said on Oct. 21. Speaking in Vienna during a meeting of experts from OPEC and from outside the group, del Pino said Venezuela seeks to set an […]

Posted On :