Business News Algeria

  • *Trump has a' feeling' that U.S., China can strike trade deal. *Algeria floats idea of larger OPEC+ cut- sources. "Its definitely a market that is still in some disbelief of these inventory builds, and they're not going to be able to look beyond it," said Phil Flynn, analyst at Price Futures Group in Chicago.

  • ALGERIA FLOATS IDEA OF OPEC+ SUPPLY CUT OF 1.8 MLN BPD IN SECOND HALF OF 2019, UP FROM 1.2 MLN BPD NOW- OPEC SOURCES.

  • LONDON, June 4- Iran has told OPEC that it opposes delaying the oil producer group's next meeting, setting the scene for another fight with fellow members as U.S. sanctions put Tehran under unprecedented economic pressure with its oil exports down to just a trickle. OPEC gatherings are often fraught due to acrimony between Iran and its arch-rival Saudi Arabia,...

  • ALGERIA, KAZAKHSTAN ALSO TELL OPEC THAT EARLY JULY DATES FOR NEXT MEETING ARE UNSUITABLE- LETTER.

  • Occidental Petroleum has agreed to sell Anadarko's assets in Algeria, Ghana, Mozambique and South Africa to Total for $8.8 billion if the U.S. oil company succeeds in completing a takeover of Anadarko. Pouyanne said Anadarko's Africa assets were at the heart of Total's strategy to remain a leading oil company in Africa and the global liquefied natural gas...

  • TINDOUF, Algeria, May 27- Algeria's energy minister said on Monday he would seek a "good compromise" when asked about his earlier comments that Algiers would block a plan by France's Total to buy Anadarko's Algerian assets. Occidental Petroleum agreed to sell Anadarko Petroleum Corporation's assets in Algeria, Ghana, Mozambique and South Africa to Total for...

  • TINDOUF, Algeria, May 27- Algeria's energy minister said on Monday he would seek a "good compromise" when asked about his earlier comments that Algiers would block a plan by France's Total to buy Anadarko's Algerian assets. Occidental Petroleum agreed to sell Anadarko Petroleum Corporation's assets in Algeria, Ghana, Mozambique and South Africa to Total for...

  • Prices for delivery into northeast Asia in July are estimated at $4.50 per million British thermal units, the lowest level in seven weeks. Price spreads between Europe and Asia shrank to below 50 cents from over $1 earlier in May, reducing opportunities for spot trade between the Pacific and Atlantic basins. Cargo offers came from a variety of sellers around the...

  • WASHINGTON, May 3- The U.S. State Department allowed seven foreign governments to rent luxury condominiums in New York's Trump World Tower in 2017 without approval from Congress, according to documents and people familiar with the leases, in what some experts say could be a potential violation of the U.S. Congressional staffers confirmed to Reuters that the...

  • WASHINGTON, May 2- The U.S. State Department allowed seven foreign governments to rent luxury condominiums in New York's Trump World Tower in 2017 without approval from Congress, according to documents and people familiar with the leases, in what some experts say could be a potential violation of the U.S. Congressional staffers confirmed to Reuters that the...

  • ALGIERS, May 1- Algeria's state energy company Sonatrach wants to develop its partnerships with foreign firms to boost output and exports, its new chief executive said on Wednesday, comments that could reassure investors a week after his appointment. Algeria, a member of the Organization of the Petroleum Exporting Countries and a major gas supplier to Europe,...

  • LONDON/ ALGIERS, April 24- Algerian state oil firm Sonatrach has decided not to extend its crude-for-oil-products deal with trading house Vitol that ends this month, two sources with direct knowledge of the matter said. The move comes as Sonatrach's 175,000 barrels per day Italian oil refinery, which it acquired from U.S. major Exxon Mobil last year, returns from...

  • ALGIERS, April 24- Four brothers from the Kouninef family- tycoons close to Algeria's former president Abdelaziz Bouteflika- have been placed in temporary custody by a judge, private channel Ennahar TV reported on Wednesday. The four were arrested together with Algeria's wealthiest businessman, Issad Rebrab, on Monday as part of an anti-graft investigation.

  • ALGIERS, April 24- Four brothers from the Kouninef family- tycoons close to Algeria's former president Abdelaziz Bouteflika- have been placed in temporary custody by a judge, Ennahar TV reported on Wednesday. The four were arrested together with Algeria's wealthiest businessman, Issad Rebrab, on Monday as part of an anti-graft investigation.

  • ALGIERS, April 23- Algeria's interim president has sacked Abdelmoumene Ould Kaddour as the chief executive of state energy company Sonatrach, state TV said on Tuesday, creating uncertainty for investors who had started to return to the oil and gas producer. Kaddour had been close to former President Abdelaziz Bouteflika, who had put him in charge of...

  • ALGIERS, April 23- Algeria's interim president has sacked Abdelmoumene Ould Kaddour as CEO of state energy company Sonatrach, state TV reported on Tuesday. Kaddour had been close to President Abdelaziz Bouteflika, who had put the U.S.-trained engineer in charge of overhauling Sonatrach in March 2017 after years of management upheaval, fraud scandals and red...

  • ALGIERS, April 19- Hundreds of thousands of demonstrators returned to Algeria's streets on Friday to press demands for wholesale democratic change well beyond former president Abdelaziz Bouteflika's resignation, chanting "we do what we want", witnesses said. Parliament named an interim president and a July 4 election date was set in a transition endorsed by...

  • ALGIERS, April 19- Tens of thousands of demonstrators returned to Algeria's streets on Friday to press demands for wholesale democratic change well beyond former president Abdelaziz Bouteflika's resignation after six weeks of mass protests, witnesses said. Thousands of protesters gathered anew in city centers around Algeria demanding root-and-branch...

  • ALGIERS, April 19-- Thousands of demonstrators returned to Algeria's streets on Friday to press demands for wholesale democratic change well beyond former president Abdelaziz Bouteflika's resignation after six weeks of mass protests, witnesses said. Thousands of protesters gathered anew in city centers around Algeria demanding root-and-branch...

  • *Army chief says time running out. ALGIERS, April 16- Algeria's army chief said on Tuesday the military was considering all options to resolve the country's political crisis and warned that "time is running out", after weeks of anti-government protests. Hours earlier, the chairman of Algeria's Constitutional Council, Tayib Belaiz, quit his post, state news agency...