• 5 minutes Mike Shellman's musings on "Cartoon of the Week"
  • 11 minutes Permian already crested the productivity bell curve - downward now to Tier 2 geological locations
  • 17 minutes WTI @ 67.50, charts show $62.50 next
  • 4 hours The Discount Airline Model Is Coming for Europe’s Railways
  • 10 hours Pakistan: "Heart" Of Terrorism and Global Threat
  • 22 hours Newspaper Editorials Across U.S. Rebuke Trump For Attacks On Press
  • 22 hours Batteries Could Be a Small Dotcom-Style Bubble
  • 9 hours Saudi Fund Wants to Take Tesla Private?
  • 19 hours Starvation, horror in Venezuela
  • 9 hours Desperate Call or... Erdogan Says Turkey Will Boycott U.S. Electronics
  • 10 hours Scottish Battery ‘Breakthrough’ Could Charge Electric Cars In Seconds
  • 2 hours Venezuela set to raise gasoline prices to international levels.
  • 1 day France Will Close All Coal Fired Power Stations By 2021
  • 24 hours Don't Expect Too Much: Despite a Soaring Economy, America's Annual Pay Increase Isn't Budging
  • 2 hours Corporations Are Buying More Renewables Than Ever
  • 18 hours WTI @ 69.33 headed for $70s - $80s end of August
Can China Afford To Slap Tariffs On U.S. Oil?

Can China Afford To Slap Tariffs On U.S. Oil?

China’s latest round of tariffs…

Why Is Big Oil So Excited About Alaskan Crude?

Why Is Big Oil So Excited About Alaskan Crude?

Alaskan officials have just published…

Algeria’s Al-Qaeda Struck Gas Plant to Go Back Online

Algeria natural gas plant

The Tiguentourine gas plant in Algeria will soon resume full service more than three years after being the target of a deadly attack by al-Qaeda, according to Reuters on Saturday.

"Full production is for the coming days, all tests have been passed successfully," plant General Manager Kamel Aoues told the news service during a press visit to the site located in the southeastern part of the country. The return to full production would coincide with a ceremony at Tiguentourine on 1 August attended by Energy Minister Nouredine Bouterfa and Algerian state-owned Sonatrach Chief Executive Amine Mazouzi, according to an unidentified source.

Current production at Tiguentourine operated by BP, Norway’s Statoil, and Algerian state-owned Sonatrach sits at around 16 million cubic meters per day. Yet the facility’s managers claimed output will reach 24 million to 25 million cubic meters once the third and final section of the plant come online.

Aoues added that an estimated US$90 million was spent on repairs to the plant.

Forty Tiguentourine workers, most of them foreigners, were killed in a January 2013 al-Qaeda attack against the plant. The militants held at least 800 employees hostage during a four-day standoff, which ended with an Algerian military assault against the kidnappers.

Some 20 percent of the plant’s current workforce of 500 employees are foreigners. Security has been reinforced with a heavy military presence.

Prior to the 2013 attack, Tiguentourine supplied an estimated 10 percent of gas output for one of the top suppliers of the commodity to Europe. The full reactivation of the plant will be a boost for an Algeria state seeking to boost gas production and offset the fall in oil prices.

By Erwin Cifuentes for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News