Many African countries depend on oil for economic growth, energy generation, and revenue collection, making it a crucial ...

Oil remains a key resource for economies globally, particularly in Africa, where several countries depend on it for revenue ...

ALGIERS - Algeria signed an agreement with US energy ... with France's Total and Italy's ENI to assess potential offshore oil reserves.

Algeria’s entire oil reserves are found onshore and almost 80% of the country’s hydrocarbon production is done by Sonatrach – the national oil company. There is still much room for ...

Algeria exports 540,000 b/d of its total ... standing at 95 and 75 % respectively. The oil price crash has eroded its finances, trade balance and international reserves. Fiscal deficits have been ...

The roadmap will be discussed at talks in Algiers on Tuesday between Algerian Oil Minister Mohamed Arkab and the energy ministers of Niger and Nigeria, the official Algerian news agency said. It ...

The continent’s vast oil reserves have attracted significant foreign investment, generated employment opportunities, and boosted government revenues. Algeria, with its substantial reserves, is another ...