UAE’s Aabar, German Firms to Build Trucks in Algeria

Constantine Algeria – United Arab Emirates’ Aabar Investments PJSC said Monday it signed a deal with Algeria and five German companies including MAN Ferrostaal AG and Daimler AG to make all-terrain vehicles and trucks in North Africa.

The agreement will eventually create a joint-venture company between Aabar and MAN Ferrostaal to operate the plants in Algeria, [...]

“Out of Africa” – Trans-Sahara gives Diversity of Gas Supply for Europe

Nigeria’s state oil company says that Nigeria, Algeria and Niger have signed an agreement to create a $10 billion trans-Saharan gas pipeline to ship gas to Europe. Managing director Mohammed Barkindo said July 3 the project was approved by energy ministers from all three governments.

Implications
The European Union, which has whole-heartedly given its support to the [...]

G8 leaders want to help Africa feed itself

G8 leaders today committed $20bn (£12.4bn) in farm aid over three years to help poor nations feed themselves, increasing by $5bn the sum that world leaders had been expected to pledge.

In a shift in the focus of aid, world leaders meeting on the final day of their day summit in Italy promised that the money [...]

Algeria, GDF Suez to develop Touat gas field

 France’s GDF Suez (GSZ.PA) and Algerian state energy group Sonatrach said on Tuesday they will jointly develop the Touat gas field in southwest Algeria with the aim of starting production in 2013.

“Work will begin in 2009 with the start of output planned for 2013. Peak production should reach about 4.5 billion cubic metres of natural [...]

Tunisia – GOV – Tunisia to double gas imports from Algeria

Tunisia will double its gas imports from Algeria and will consequently increase its royalties for the gas transport on its territory of the Transmed gas pipeline (also known as the Mattei gas pipeline) which carries Algerian gas to Italy , said a government source in Tunis.
Imports of Algerian liquefied gas will increase from 150,000 to [...]

Algeria signs industry collaboration accord with Argentina

Authorities of the Secretariat of Agriculture, Livestock, Fisheries and Food (SAGP&A) of Argentina and the Ministry of Fisheries and Aquaculture Resources of Algeria on Tuesday signed an agreement that will boost knowledge transfer and collaboration on common interests shared between the two countries in fisheries and aquaculture matters.
The head of SAGP&A, Carlos Cheppi, and the Secretary General [...]

Algeria says Embraer did not win $104.68 mln deal

 ALGIERS, July 8 (Reuters) – Algerian oil company Sonatrach subsidiary TassiliAirlines said on Wednesday it had not awarded Brazilian planemaker Embraer (EMBR3.SA) a $104.68 million deal, Algerian official news agency APS said a day after an official statement announced the contract.
“The offer of the Brazilian aircraft manufacturer Embraer was rejected after examination and control of [...]

USD 16 billion of oil revenue for Algeria since January

Algeria exported $ 16 billion of oil during the first five months of 2009, said Wednesday the president of oil and gas group Sonatrach public, Mohamed Meziane.
    “We made between January and May a revenue of approximately $ 16 billion which gives us an average income of over $ 3 billion a [...]

Porsche in sale talks with Qatar

Porsche, the German luxury sports car manufacturer, has said that it is in exclusive talks with the energy-rich Gulf state of Qatar aimed at selling a stake in the firm.
The announcement on Tuesday came as Porsche continues to struggle with a $9bn net debt incurred after an attempted takeover of Volkswagen (VW), Europe’s biggest car maker.
[...]

SNC-Lavalin says work on Algerian megacontract will begin immediately

Engineering giant SNC-Lavalin (TSX:SNC) says work will begin immediately on a C$1.2-billion contract from Algeria’s national oil company, which has chosen the Montreal-based engineering company to build a natural gas processing facility.
SNC had confirmed the mega deal on Monday but released additional details Tuesday.
Algeria’s energy minister said Monday SNC-Lavalin will build gas collection infrastructure at [...]