algerian former official calls for amending fuel law
Last Updated : GMT 09:07:40
Egypt Today, egypt today
Egypt Today, egypt today
Last Updated : GMT 09:07:40
Egypt Today, egypt today

As it does not cope with developments

Algerian former official calls for amending fuel law

Egypt Today, egypt today

Egypt Today, egypt today Algerian former official calls for amending fuel law

Former Director General Algerian Sonatrach governmental company Abdel Maguid Attar
Algeria - Rabia Khreis

Former Director General Algerian Sonatrach governmental company Abdel Maguid Attar said that his country faces serious energy challenges in the light of the financial and economic crisis witnessed in the country during the current period and the notable decline in the oil prices.

He added, in an interview with “Arabs Today”, that Algerian government is demanded to keep production capacity of Algerian oil and gas, saying that it should depend on advanced technologies to manage existing fields in order to improve production. He stressed that Sonatrach is demanded to increase its discoveries due to the decline of oil production in the largest fields of oil in the country.

He expected that the gas prices will witness a state of stability during the coming period on the international markets, saying that the developments witnessed in Syrian could negatively affect the international markets of oil. He added that Algeria will keep its position as the first supplier of oil to a large number of European countries.

Regarding the Italian decision to freeze the import of gas from Algeria, he said, “If Italian companies decided to freeze the import of gas from Algeria, they would pay compensations to the Algerian authorities for violating the contracts concluded between the two parties.”

On the other hand, the economic expert expressed his support for the decision to review Algerian Fuel Law to cope with the current position of the Algerian market. He added that the current law does not cope with the recent developments witnessed in the international market.

He called on the Algerian government to postpone the fifth international tender for exploration and exploitation of hydrocarbons for several reasons, saying that the most important of these reason is that the price of $ 50 a barrel and the hydrocarbon law currently in force will not attract major international companies to participate in it.

The Algerian former official proposed a range of alternatives to oil wealth to ensure Algeria's energy independence under the world's technological and economic transformations, most notably solar energy as a future alternative and energy conservation for future generations.

egypttoday
egypttoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

algerian former official calls for amending fuel law algerian former official calls for amending fuel law



GMT 03:33 2016 Saturday ,24 September

Diesel Black Gold fashion show during Milan Fashion Week

GMT 11:12 2018 Wednesday ,03 October

Osaka saunters into China Open third round

GMT 03:18 2017 Tuesday ,10 January

Home Centre decides to go in for a fresh look

GMT 14:44 2017 Saturday ,06 May

Pharmaceutical industry

GMT 22:32 2016 Wednesday ,24 February

'Deadpool' upends competition at North America box office

GMT 06:44 2017 Friday ,17 March

Bowling, table tennis achievements lauded

GMT 18:11 2017 Saturday ,04 March

Violence claims lives of 18 people across Syria

GMT 11:50 2017 Tuesday ,03 October

Bahrain weather forecast

GMT 12:18 2016 Friday ,30 September

To the importance of Oscar Wilde

GMT 09:53 2012 Friday ,25 May

Amr Yousef heads to Kenya \'Al Montaqem\'

GMT 09:25 2017 Saturday ,07 October

Spain rejects mediation calls as Catalans plan

GMT 22:41 2017 Friday ,02 June

Actress Suzanne Najm Al Din received

GMT 23:52 2017 Tuesday ,03 January

Syrian peace process struggles as rebels

GMT 12:59 2011 Friday ,15 July

Tasting lump of ice with fruit frozen inside

GMT 16:50 2011 Wednesday ,31 August

Justice sues to stop AT&T, t-mobile merger

GMT 21:14 2012 Tuesday ,28 August

Hyundai Veloster turbo SE

GMT 11:50 2011 Friday ,08 July

Russia\'s VTB bank secures record $3.1 bn loan

GMT 07:01 2017 Tuesday ,26 December

Lorde cancels Israel show after pressure

GMT 00:12 2013 Wednesday ,18 September

Damascus clubbers dance on in bid to forget war

GMT 10:55 2011 Tuesday ,15 November

TRA participates in UNESCO General Conference

GMT 18:26 2014 Tuesday ,27 May

Samsung to introduce standalone smart watch

GMT 15:24 2016 Sunday ,07 August

Stranded kayaker rescued after crocodile attack
 
 Egypt Today Facebook,egypt today facebook  Egypt Today Twitter,egypt today twitter Egypt Today Rss,egypt today rss  Egypt Today Youtube,egypt today youtube  Egypt Today Youtube,egypt today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

egypttoday egypttoday egypttoday egypttoday
egypttoday egypttoday egypttoday
egypttoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
egypttoday, Egypttoday, Egypttoday