Politics
Algeria will get a Renault assembly plant
Feb 12th
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Renault SA (RNO.FR) confirmed Thursday that it’s working on a plan to build a vehicle assembly plant in Algeria as a way to avoid high import duties.
“It’s just a project. Nothing has been concluded,” Renault Chief Operating Officer Patrick Pelata told journalists on the sidelines of a presentation of Renault’s 2009 results. However, “the discussions are well advanced,” he said. More >
Algeria is an example in inter-faith relations
Feb 12th
Algeria is a religiously tolerant nation that will never encroach on the rights of non-Muslims to w
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orship, Religious Affairs Minister Bouabdellah Ghlamallah told participants at an Algiers seminar on Wednesday (February 10th).
Under the banner of “Religious Worship: A Right Ensured by
Religion and by the Law”, the February 10th-11th conference convened representatives of several religions and government officials to ease relations after a Christian church was attacked and desecrated in Tizi-Ouzou in December 2009. More >
Algeria getting tough on investors
Dec 24th
Algeria is implementing a new investment strategy to promote home-grown industry, even if that risks deterring foreign investors, the head of the country’s main business lobby said.
Government measures adopted this year have set fresh caps on foreigners’ shareholdings and, analysts say, signal growing economic nationalism in Algeria, a big exporter of oil and gas. More >
Chinese petroleum company wins Algeria oil permits
Dec 20th
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Algeria’s Energy Ministry on Sunday awarded three exploration licenses out of 10 permits on offer, the head of its licensing committee Djilali Takherst said.
The licenses were awarded at a public session to select the winning companies in a bid round. In Algeria’s last licensing round, only four out of 16 permits initially on offer were granted.
Sunday’s round saw a consortium led by China’s CNOOC win the Hassi Bir Rekaiz permit, while a consortium headed by Total was awarded the licence for Ahnet and Spanish Repsol and its partners got the South-East Illizi permit, Takherst added. More >
Algeria confirms to keep OPEC supply unchanged
Dec 20th
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ALGIERS, Dec. 20 (Xinhua) — The Organization of the Petroleum Exporting Countries (OPEC) is likely to leave the daily production quota of crucial oil unchanged, said Algerian Energy and Mines Minister Chakib Khelil on Sunday.
OPEC’s 12 member countries will hold a meeting on Tuesday at ministerial level in Luanda, the capital of Angola, to discuss the current status of the international oil market and the bloc’s future policies on oil production.
“There will be no change in OPEC supply of crude oil. OPEC will not reduce supply and it will not increase supply,” Khelil said before leaving for Luanda. More >
