Algeria
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Torgrim Reitan, CFO of Statoil, tells CNBC that earnings and production are growing significantly and 2012 was the best exploration year for the company since 1997.
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TUNIS, May 23- For the first time since the Arab Spring uprisings of 2011, relations between mainstream Islamists in government and radical Salafist Muslim activists have reached breaking point, sparking deadly clashes in two Tunisian cities.
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NEW DELHI- India and China will study new ways to ease tensions along their ill-defined border, Chinese Premier Li Keqiang said on Monday in his first foreign trip since taking office, which comes just weeks after a military stand-off between the Asian giants in the Himalayas.
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ALGIERS, Algeria-- An editor has accused Algeria's government of censorship after it blocked the publication of his two newspapers.
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ALGIERS, May 9- The Algerian government will seek a new valuation for Vimpelcom's local mobile phone unit Djezzy before acquiring 51 percent of it, a government source told Reuters. Russia's Vimpelcom acquired Djezzy as part of a $6 billion deal to buy the assets of Egyptian firm Orascom Telecom.
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*The Ontario government will draw up new rules to make sure local residents have a say in where future power plants and other energy infrastructure is built, in a bid to avoid a repeat of the costly cancellation of two gas plants before the 2011 election.
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ALGIERS, May 7- Algeria's Sonatrach and its U.S. partner Anadarko have started production at the El Merk oilfield and output should reach 127,000 barrels per day of crude and condensate at the end of 2013, the official Algerian APS news agency said on Tuesday.
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MILAN, May 6- Italy's stock market watchdog should have wider powers to fight corporate wrongdoing, including that of removing board members of listed companies, its head said on Monday.
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LONDON, May 2- Differentials for diesel and gasoil eased on Thursday as a recent buying spree cooled with the May Day holiday in most of Europe. Gasoil stocks independently held in Europe's Amsterdam- Rotterdam- Antwerp hub fell 6 percent week on week, data from Dutch oil analyst Patrick Kulsen showed on Thursday. *Morgan Stanley and Vitol sold to Argos and Gunvor.
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LONDON, May 2- Differentials for diesel and gasoil eased on Thursday as a recent buying spree cooled with the May Day holiday in most of Europe. Gasoil stocks independently held in Europe's Amsterdam- Rotterdam- Antwerp hub fell 6 percent week on week, data from Dutch oil analyst Patrick Kulsen showed on Thursday. *Morgan Stanley and Vitol sold to Argos and Gunvor.
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OSLO, May 2- Production on the second of three processing trains at the In Amenas gas plant in Algeria resumed a short time ago but it is unclear when the third one will resume operations, Statoil chief executive Helge Lund said on Thursday. The plant at In Amenas was attacked by Islamist militants in January, leading to the deaths of some 70 employees.
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OSLO, May 2- Production on the second of three processing trains at the In Amenas gas plant in Algeria resumed a short time ago but it is unclear when the third one will resume operations, Statoil chief executive Helge Lund said on Thursday. The plant at In Amenas was attacked by Islamist militants in January, leading to the deaths of some 70 employees.
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LONDON, May 2- BP is delaying two major Algerian gas projects as foreign energy firms seek security guarantees after a deadly Islamist attack, and press the government to soften its investment terms.
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LONDON, May 2- BP is delaying two major Algerian gas projects as foreign energy firms seek security guarantees after a deadly Islamist attack, and press the government to soften its investment terms.
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*CPC sold to Asia at discount to avoid swamping Europe. LONDON, May 1- Kazakhstan's oil exports to Asia are on the rise as it seeks to cultivate new buyers for its light crudes outside the saturated European market before steep output increases in the next few years.
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ALGIERS, April 30- Ill-health may force veteran Algerian President Abdelaziz Bouteflika, now in hospital in Paris, to hasten his departure from power, plunging a youthful, restless nation into an uncertain political transition.
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MILAN, April 30- Italian oil service group Saipem. has received no notification of any possible investigation by U.S. market regulator SEC regarding a corruption probe in Algeria.
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ALGIERS, April 30- Algerian state energy firm Sonatrach is in talks to buy a stake in Mozambique offshore gas projects operated by Italy's Eni and Anadarko Petroleum Corp, its chief executive was quoted as saying on Tuesday. The memorandum also opened the way for Sonatrach to acquire exploration blocks in Mozambique.
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ALGIERS, April 27- Algerian President Abdelaziz Bouteflika was hospitalised after a minor stroke on Saturday, according to the state press agency report that quoted the prime minister as saying his condition was "not serious".
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ALGIERS, April 27- Algerian President Abdelaziz Bouteflika has a "health crisis" and has been told by his doctor to rest, a private Algerian television station reported on Saturday in a news flash. Bouteflika comes from a generation of leaders who have ruled Algeria since winning independence from France in the 1954-62 war.
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MILAN, April 26- The auditors of Italian oil services company Saipem found failings in the internal control system of the company, according to a letter by the company's internal audit committee published on the company website on Friday. Saipem and Eni, who both deny any wrongdoing, have launched internal audits.