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The ASH-4 development well has commenced purposes. the major powers.
drilling, targeting over 2mn barrels gross in the bna/IntelliNews, September 27 2022 Yi said China welcomed Algeria’s request to
prolific Alam El Bueib reservoir. join the BRICS as Russia previously did. He said
bna/IntelliNews, September 29 2022 the north African country will be a good rep-
POLICY resentative of emerging economies in the bloc,
EGAS production hits Algeria requests to join stressing the readiness of Beijing to strengthen
an Algerian constructive role in achieving global
190 mcm per day in BRICS, as Russia and peace and development.
Algeria has been politically active in the last
FY 2021/2022 months. The country will host the Arab League
summit on November 1-2, 2022.
Egyptian Natural Gas Holding Company China welcome move Algiers abstained when the UN General
(EGAS) passed with flying colours through fis- Oil-rich Algeria has officially requested to join Assembly overwhelmingly passed a resolu-
cal year (FY) 2021/22 with the average rate of the BRICS economic group to enrich its eco- tion, in March this year, demanding that Russia
natural gas production reaching 6.7bn cubic feet nomic development and trade, with both Russia immediately withdraw from Ukraine. Members
(190mn cubic metres) per day, more than cover- and China welcoming the step, according to a of BRICS, except Brazil, also abstained.
ing average consumption of 6.1 bcf (173 mcm) statement that followed a meeting between Alge- bna/IntelliNews, September 28 2022
per day, leaving 0.6 bcf ( 17 mcm) per day for ria’s foreign minister Ramtane Lamamra and his
exports. Egypt’s LNG exports increased during Chinese counterpart, Wang Yi, on September 27.
FY 2021/22 by 44% after exporting 84 shipments The BRICS group, established in 2009, is PROJECTS & COMPANIES
from Idku and Damietta LNG plants. composed of Brazil, Russia, India, China and
The company implemented 14 development South Africa. The bloc accounts for more than Petrofac signs Tinrhert EPC2
projects at gas fields and drilled 20 new wells at 40% of the world’s population, 18% of global
a total cost of $680mn. All of them were put on trade, and about 26% of the global output. contract, MoU to support
production stream with an initial total output of Earlier this month, President Abdelmadjid
1.2 bcf (34 mcm) per day and 23,700 barrels of Tebboune said the North African country plans Algeria’s training goals
per day of condensates. to join BRICS as it considers it a powerful eco-
The company also launched two bid rounds nomic and political force that can benefit Afri- Following provisional award in August 2022,
on Egypt Upstream Gateway (EUG) for natural ca’s largest natural gas exporter as an alternative Petrofac, leading a consortium with Genie Civil
gas production in the Mediterranean bringing to traditional power centres. Tebboune said his et Batiment (GCB), has signed an engineering,
in $278mn in investments and $29mn signature country needs to distance itself from ongoing procurement and construction contract with
bonus. disputes between the global poles. Sonatrach for the Tinrhert EPC2 Development
bna/IntelliNews, September 29 2022 Algeria has plans to export $7bn of non-hy- Project. The contract, signed at an official cer-
drocarbon products this year, which, according emony in Algiers, is valued at approximately
MIDOR expansion to to Tebboune’s estimation, qualifies it to be part of $300mn, with Petrofac’s share around $200mn.

raise refining capacity
by 60%, says Egypt’s

petroleum minister

The Middle East Oil Refinery (MIDOR) expan-
sion will increase refining capacity and provide
petroleum products with the highest qual-
ity specifications to meet local market needs,
Egypt’s Petroleum Minister Tarek El Molla
reportedly said.
The minister’s comments came following the
launch of early operation of the second phase of
the MIDOR refinery expansion project. The pro-
ject aims to raise the current production capacity
of the refinery by 60% to 160,000 barrels per day
(bpd).
The expansion phase consists of building new
warehouses with the capacity to store 400,000
barrels of crude and 290,000 barrels of inter-
mediate products. In addition, projects include
a natural gas pressure reduction station built by
GASCO with a total capacity of 1.4mn cubic
metres of gas per day to supply Midor Electricity
Company (Midelec) for electricity generation

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