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Algeria to invest $80 bln in oil and gas over 5 yrs   Leave a comment

KUALA LUMPUR (Reuters) – Algerian state energy company Sonatrach plans to increase its investment to $80 billion over the next five years as the OPEC member country seeks to expand its gas resource base and boost its refining and petrochemical capacity.

The planned investment is $12 billion more than previously announced by the North African producer, which is a significant supplier of natural gas to Europe.

“The increase in the investment is mainly focused on the upstream (sector) to increase its refinery capacity and petrochemical base,” Sonatrach CEO Abdelhamid Zerguine told a gas industry conference on Wednesday.

Algeria needs to import large quantities of refined fuel products such as gasoline and gasoil due to insufficient refining capacity, while domestic demand is growing.

In 2011, Sonatrach purchased around 1.3 million tonnes of fuels.

Zerguine said some of the $80 billion investment would be used to build new refineries, but he gave not details.

He also said Algeria has huge shale gas reserves. A preliminary study shows that Algeria has an estimated 600 trillion cubic feet of recoverable shale gas reserves, he said, without giving details.

Algeria currently produces 1.2 million barrels of crude a day, Zerguine added.

“We are producing up to the level of the OPEC quota,” he said, referring to the quota set by the Organization of the Petroleum Exporting Countries.

Source: Reuters

Posted July 3, 2012 by newworldconsulting in Uncategorized

Meet 22,000 Megawatts of Clean Energy in Algeria   Leave a comment

According to Algeria’s Renewable Energy and Energy Efficiency Program some 22,000 MW of power generating capacity will be installed from renewable sources by 2030.

To reach this ambitious target, exhibiting international market leaders like ABB, Centrotherm, Eurosol, Siemens and WEG are already realizing large scale investments in the Algerian energy market.

Agreements amounting to billions of Euros were signed during the past year with Sonelgaz, Socièté Nationale de l’Electricité et du Gaz, National Society for Electricity and Gas, a state-owned utility in charge of electricity and gas distribution in Algeria: “Algeria aims to be a major actor in the production of electricity from photovoltaic and solar power as it considers this source of energy as an opportunity and a lever for economic and social development, particularly through the establishment of wealth and job-creating industries,” says Kahina Behloul, manager with Eurl fairtrade expo.

The event will include seminars on renewables and energy efficiency, while further value comes via the active participation and possibility of networking with Sonelgaz, NEAL-New Energy Algeria and APRUE-The Algerian National Agency for the Promotion and Rationalization of the Use of.

The German trade fair specialists fairtrade Messe and its Algerian-German team have recognized the potential and the need for the North African energy industry. After the resounding success of elec expo & EneR Event in November 2011 in Morocco, with 213 exhibitors and 5,246 visitors, the 16th elcomUkraine in April 2012 and now the 6th electro, automation & energy also address these topics.

Posted July 3, 2012 by newworldconsulting in Uncategorized

MALTESE BUSINESSES GAINING FOOTHOLD IN TUNISIA   Leave a comment

A 22-strong business delegation organised by Malta Enterprise registered encouraging business prospects following successful meetings held in Tunisia, with some of the delegates being close to reaching business deals or cooperation agreements.

The business delegation, which met around 100 Tunisian enterprises during its five-day stay, comprised companies operating in sectors such as professional services, engineering, building and
construction, food and beverages, ICT, chemicals, tools as well as environmental services.

A number of delegates had already formed part of other business delegations organised by Malta Enterprise to Tunisia last year and were following up on the leads they had established at the time,
while others were visiting the neighbouring market for the first time and were thus exploring the business opportunities it offers.

One-to-one meetings for the Maltese companies with their Tunisian counterparts were organised by Malta Enterprise in collaboration with the Maltese Embassy in Tunis and the Agency for the
Promotion of Industry and Innovation (API) with the support of the Centre de Promotion des Exportations de la Tunisie (CEPEX) and the Foreign Investment Promotion Agency (FIPA).

While in Tunis, the business delegation also attended the inauguration of the Tunisia Investment Forum. Now in its second edition, this year’s Tunisia Investment Forum focused on the challenges spawned by the revolution and the opportunities that the new Tunisia offers for international investment.

A planned visit to Sousse, where other business to business meetings were envisaged to take place, was not held for precautionary reasons and was instead replaced by additional meetings and networking sessions in Tunis.

Forming part of the initiatives being taken to strengthen the commercial ties between the two neighbouring countries, the business delegation follows up on the signing of a Memorandum of
Understanding signed between Malta Enterprise and CEPEX and the organisation of two business delegations to Tunisia last year, as well as an incoming Tunisian delegation that visited Malta earlier
this year with particular attention on the food and beverage industry.

The business delegation was also supported by the Malta Chamber of Commerce, Enterprise and Industry, the General Retailers and Traders Union and the Gozo Business Chamber.

Posted July 3, 2012 by newworldconsulting in Uncategorized

Sonatrach to step in after GMA Algeria gold mine pullout   Leave a comment

ALGIERS, Dec 6, 2011 (AFP) – – Sonatrach, the government-owned company exploiting Algeria’s hydrocarbon resources, said Tuesday it would absorb the stake held by Australia’s GMA in the Tamanrasset gold mine.

GMA controls 52 percent of the Entreprise d’Exploitation des Mines d’Or (ENOR), a joint venture with Sonatrach mining deposits in Tamanrasset, 2,000 kilometres (1,240 miles) south of Algiers.

The Australian group had announced in mid-October that it was pulling out of the joint venture due to high exploitation costs.

“We have decided to take over the entirety of GMA’s ENOR stake in the Tirek-Amesmessa mine,” Energy and Mining Minister Youcef Yousfi told the official APS agency on the sidelines of an oil conference in Doha.

Sonatrach, which holds the remaining 48 percent stake in ENOR, had initially said it would not be in a position to run the mine alone.

“The exploitation approach chosen and developed by GMA wasn’t the best, they were never going to go very far with those methods and they eventually hit a wall,” the minister said.

“Sonatrach will start over and outline a new approach to develop the mine,” Yousfi said.

He said Algeria would turn to bigger players in the future.

“We don’t want junior companies like GMA anymore. What we need are companies with the necessary experience, finances and technical expertise,” Yousf added.

Algerian propane market opening   Leave a comment

Circular, domestic filling and distribution of LPG bottles

The opening to competition of petroleum products distribution activities is not only meant to make up for lack of infrastructure, but also and chiefly to make consumers profit from competitiveness.

  1. Offered advantages

  • Existence of a market of 8.5 million tons/year of petroleum products.
  • The distributor may import his products, get his supplies from local sources or produce his own needs from high grade oil and LPG available in large quantities.
  • Foreign investments are given a guarantee of transfer of invested capital and derived income (contact the ANDI Agency for more details).
  • Tax aids are allowed by the State to local and foreign investors (see ANDI).
  • Cheap managerial staff and labour.
  • Public companies transportation and storage capacities may be used by the distributors.

  2. Investment niches market in the marketing of petroleum products

petrol1.jpg (19679 octets)The opening to competition of the national market offers large parts to the local and foreign investment in the field of marketing of petroleum products.

These investments concern the following activities :

  1. distribution of fuels including the LPG fuel,
  2. distribution of LPG for domestic use,
  3. distribution of lubricants,
  4. distribution of bitumen,
  5. pipe transportation of LPG and fuels,
  6. storage of LPG and fuels,
  7. LPG bottling,
  8. Bitumen formulation,
  9. CNG distribution.

puce.gif (1027
octets)  3. Undeveloped infrastructures

a) Deficiencies in the field of fuel distribution

  • massive pipe transportation connecting the big consuming centres to the production sources.
  • The fuel storage to increase autonomy and supply the wilayates (regions) in need.
  • Development of rail transportation,
  • Increase in the transportation rolling stack for the delivery of fuels.
  • Densification of the distribution network.petrol4-1.jpg (21562 octets)

b) Distribution deficiencies of LPG as a fuel

  • shortage of storage capacities in consuming areas to secure demand.
  • reinforcement of the transportation network to satisfy the growing demand.
  • further upgrading of the distribution network.

c) Distribution deficiencies of LPG as a domestic fuel

–  butane

  • development of massive pipe transportation linking the production sources to the regional distribution areas.
  • increase in storage capacities mainly in the regional station of the Centre and the filler centres.
  • conditioning : butane gas filling capacities to be achieved in deficient or deprived Wilayates (regions). The setting up of mobile monopost fillers with one post is to be developed in Algeria.
  • bulk transportation of butane : the supply of the barreling stations with bulk butane requires the use of additional tankers and in the future of railways.
  • transportation development of conditioned butane deliveries involving increasingly private carriers.

–  propane

  • development of small zones endowed with propane to supply towns and urban areas deprived of natural gas.
  • the minor bulk business is not very developed in Algeria.

  4. Interchangeability of the gas LPG bottles

The investors in LPGs filling activity may use LPG bottles available on the market of a third promoter and in particular the ones from the public enterprise Naftal, against the conclusion of a convention between the concerned operators initialed by the Ministry in charge of hydrocarbons, according to the Decree fixing the terms and conditions for interchangeability of butane bottles between operators carrying on the activity of filling liquefied petroleum gases.

 5. The required conditions

The exercise of one or more activities, regulated hereabove, is subject to the authorisation of the Minister in charge of Hydrocarbons in accordance with the provisions of the decree 97-435.

This authorisation is issued to any operator having the necessary funds to achieve the infrastructures, facilities and other means required to carry out his activity.

 6. Administrative procedures

The application for an authorisation to exercise one or more activities is addressed by registered letter with acknowledgement of receipt to the Minister in charge of Hydrocarbons who deals with it within a maximum of three months from the date of reception of the application (decree 97-435).

This application should be accompanied by the following documents:

  • the agreements and permits granted by the local authorities for the achievement of the infrastructures required for the operations,
  • an outline map to scale 1/1000 of infrastructures to be achieved, representing on a minimal ray of 100 m, neighboring infrastructures, works and dwellings,
  • of a plan of mass of the project with 1/250th representing the various equipment and facilities, particularly the refilling and storage surfaces, traffic areas, access roads and safety systems,
  • the total amount of investment and its destination according to each item,
  • estimated lead time,
  • a statement of estimated achievements for the first five years (optional).
  • Chart of the principal equipment by specifying their storage and outputs per product,
  • Description of the safety device of the project (preventive, average means of fight against the fire, lighting, lightning protector, put at the ground of equipment etc).

Posted August 24, 2011 by newworldconsulting in Uncategorized

UAE ready to invest more in Tunisia, says Bukhatir Group President   Leave a comment

Bukhatir Group will pursue its mega project of the Sports City in the “Berges du Lac.” The announcement was made by the Group President, Mohamed Abdel Rahman Bukhatir, in an interview with African Manager, reiterating the UAE’s willingness to contribute to the realization of investment projects in Tunisia and to strengthen bilateral cooperation, especially in light of the climate of trust in relations between the two countries.

The Group President, speaking on the sidelines of the Tunisian-UAE Partnership and Investment meeting held on Wednesday in the House of the exporter said that “we are willing to invest more in Tunisia where the environment is good and supportive, and we have no obstacle to ensure the success of our projects and expand our partnership with the Tunisian businessmen. This is a good opportunity to strengthen the socio-economic relations. “

He added that the Group will continue its investment and its presence in Tunisia after a cessation which he attributed to global economic conditions and especially after the meeting held in recent weeks between the prime ministers of both countries and following the studies conducted on the Group’s projects in Tunisia.

Works of the Sports City mega project started in recent months, with land development. The Group expressed, during the meeting, its confidence about the progress of these works, as well as the deadlines for their completion and marketing.

The Tunis Sports City project is one of the mega-projects to be carried out over the next years in Tunis, which should accelerate the momentum of the Tunisian economy through the creation of new jobs.

Total investment for this project is estimated at nearly $ 5 billion, which will be disbursed by the UAE Group to build one of the greatest sports cities in the region, in an area of nearly 257 hectares in the “Berges du Lac.”

The company said it had launched a few months ago a large campaign for recruitment of Tunisian executives and labor for the realization of its project whose plan provides, inter alia, for the creation of nine sports academies, three golf clubs, a shopping complex and nearly 10,000 residential units. The project should create about 40,000 new jobs.

This new dynamic of partnership between Tunisia and UAE was highlighted by Sheikha Lubna Al Qasimi, Minister of Foreign Trade of the UAE who said that her country’s investments in Tunisia have indeed recorded a real progress during this year, recalling that UAE companies had won in 2006 the trophy of the first foreign investor in Tunisia.

“We are the largest investor in Tunisia, where our investments are approaching the 30% mark in terms of growth to reach a total volume of 3,020.9 million Tunisian dinars.”

As for investment in the tourism sector, she cited, for example, the company “Emirates Emaar Properties,” which was entrusted with the mega tourist resort of Hergla and which is one of the largest property developers in Gulf countries. It is initiated by the first property developer of the world and is estimated at 2.54 billion dinars.

In fact, “Marina Al Qoussour of Hergla” is a project stretching over 442 hectares with over 4,000 residential sites with villas, houses and apartments on the banks of the lake, beach, marina and dockside.

Regarding real estate, she indicated that the real estate company “Dubai Holding” will invest 18 billion dinars in the construction of a new city in the southern lake of Tunis. It stretches over an area of 830 hectares and is designed to reconcile the capital with its coastline, particularly through the creation of a marina, and make it an international platform for business, services and leisure.

Thanks to its importance and its economic and social impacts, this mega-size is a lever for the Tunisian economy.

The UAE minister said Investment of Sama Dubai will generate an average flow of 1.2 billion dinars per year over 15 years, i.e. more than the average of 940 million dinars per year between 2002 and 2005 in foreign investment.

According to her, “Sama Dubai” will complete the project according to the master plan and the schedules set by the State. The project is also funded with 90% in loans denominated in foreign currencies.

As to Mr. Mehdi Houas, Minister of Trade and Tourism, he praised the brotherly relations between the two countries and reviewed the efforts of Tunisia to meet the challenges, internally and externally, to ensure the success of the democratic process and achieve the goals of the Revolution.

On his part, Jalloul Ayed, the Finance Minister called on Emirati businessmen to seize the opportunities offered by Tunisia in various economic sectors, as a platform for regional business, providing access to European markets.

He announced at the partnership meeting, in the presence of more than 40 UAE businessmen, the launch of new investment mechanisms.

He also outlined the various benefits available to Tunisia and which are “likely to enable it to ensure its successful transition to democracy.”

For her part, Wided Bouchamoui, President of UTICA, said that the Revolution of January 14, by cleaning up the business environment, will, with no doubt, provide more flexibility to businesses in this process.

Finally, she noted that world economies cannot take off in the absence of an appropriate healthy and stable environment, indicating that companies are called today to face real challenges and play an important role but within a framework of shared responsibilities.

Source: africanmanager.com

Posted August 15, 2011 by newworldconsulting in Uncategorized

Morocco sees 2012 GDP growth at around 5 pct   Leave a comment

RABAT (Reuters) – Morocco said it expects its energy-importing economy to grow by between 4.7 and 5.2 percent in 2012, near forecasts for 2011, on the assumption of an oil price 33 percent above the basis for this year’s budget.

In remarks carried by the official MAP news agency, Finance and Economy Minister Salaheddine Mezouar put at 2 percent the inflation forecast for next year, up from 1.4 percent forecast for 2011.

The 2012 outlook is based on an average oil price of $100 per barrel versus $75 for the 2011 budget. A country of 33 million people with no oil of its own, Morocco imported 5.24 million tonnes of crude in 2010, official data shows, and demand is growing by 6 percent annually.

The non-agricultural economy is expected to grow by between 5 and 5.5 percent in 2012, said Mezouar, noting that it clocked a 5.1 percent increase in the first half of 2011.

The minister did not disclose forecasts for agriculture’s growth or grains harvest, key in determining wheat import needs for a country that heavily subsidises food products and where 40 percent of the workforce works in farming.

The state expects the burden of food and energy subsidies to fall by almost 8 percent to 40 billion dirhams in 2012, compared to this year, Mezouar said.

The government raised subsidies to 43 billion dirhams from an initially budgeted 17 billion dirhams for 2011 as it sought to avert any spillover from revolts rocking the Arab region.

The push to calm street protests eroded Morocco’s public finances and raised concern over its ability to fund key projects at a time when it was struggling to cope with high oil and grain prices.

The minister did not disclose forecasts for next year’s budget deficit nor did he update the GDP growth forecast for 2011, initially set at 5 percent.

The central bank expects the budget deficit to rise to as high as 5 percent of gross domestic product in 2011 from the government’s initial 3.5 percent forecast.

In 2010, the budget deficit stood at 4.5 percent of GDP, or 35.1 billion dirhams.

The spending spree in 2011, coupled with the surge in energy and wheat prices, forced the government to sell assets that have so far netted 6 billion dirhams this year. For details see

.

The government can also net $1 billion this year from the revived plans to sell part of its 30 percent stake in Maroc Telecom

Protests in Morocco have not sparked revolts as in Yemen or Tunisia, partly because the government kept trade unions on side by agreeing to a multi-billion dollar wage hike in late-April.

Mezouar said the public wage bill is expected to increase to 95 billion dirhams in 2012 as a result of the agreement with the unions. He did not give a comparative figure but the 2011 budget put public wages forecast at 86 billion dirhams prior to the agreement.

Moroccan authorities however plan to cut other running costs of public administration by 10 percent and are stepping up efforts for better collection of tax and custom duties.

Source: af.reuters.com

Posted August 15, 2011 by newworldconsulting in Uncategorized

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