Volkswagen Group and SOVAC to produce vehicles in Algeria

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The Volkswagen Group has signed a contract for vehicle assembly in Algeria through a joint venture with SOVAC S.P.A., The dealership network of the Volkswagen Group in Algeria includes more than 100 facilities with 1,650 employees. Volkswagen’s sales partner in the region. From the spring of 2017, the joint venture company SOVAC Production S.P.A. will produce selected Group models.

SEAT to introduce 500 km MEB-based EV, Leon PHEV in 2020

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In this sense, the strategic growth regions are Northern Africa, where SEAT leads the Volkswagen Group’s vehicle assembly project in Algeria, and Latin America and Mexico, where the company is studying the feasibility of producing. SEAT, a member of the Volkswagen Group, will introduce its first fully electric vehicle in 2020. Built on the Volkswagen Group’s MEB platform, the new EV will feature a range of 500 km (311 miles).

2018 83

Trending Sources

OPEC’s Output Freeze: What Has Changed Since Doha?

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The official chatter is that the OPEC meeting in Algeria from September 26 to 28 could conclude with an agreement to freeze production by the member nations, with even Russia joining forces in a freeze that may prevent further oil price erosion. What has changed from Doha to Algeria?

Total to acquire Engie’s upstream LNG business, becoming 2nd largest global LNG player

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A portfolio of long-term LNG purchase and sale contracts, enabling the Group in increase its overall portfolio to 28 MTPA by 2020, with a diversified supply from Algeria, Nigeria, Norway, Russia, Qatar and the USA, and outlets balanced between Europe and Asia. Total signed an agreement with Engie to acquire its portfolio of upstream liquefied natural gas (LNG) assets for an overall enterprise value of $1.49 billion.

2017 60

New EIA report boosts estimates of global recoverable shale oil resources 10-fold to 345 billion barrels

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Algeria, Argentina, and Mexico), providing significantly more data for the 2013 study, EIA said. More than half of the identified shale oil resources outside the United States are concentrated in four countries—Russia, China, Argentina and Libya—while more than half of the non-US shale gas resources are concentrated in five countries: China, Argentina, Algeria, Canada, and Mexico. Map of basins with assessed shale oil and shale gas formations, as of May 2013.

2013 73

GE, Rosneft to pursue opportunities in Russia’s oil and gas industry, including Arctic offshore

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In addition, the Company participates in several exploration projects in Kazakhstan and Algeria. GE and OJSC Rosneft signed a memorandum of understanding (MOU) that lays the foundation for the two companies jointly to evaluate and develop commercial opportunities in oil and gas exploration and production in the Russian Federation.

Sonangol, Maersk Oil and partners strike oil with their first deepwater pre-salt well offshore Angola

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Maersk Oil is an international oil and gas company with operated production of about 650,000 barrels of oil equivalent per day offshore Denmark, UK and Qatar, as well as onshore Kazakhstan and Algeria. Sociedade Nacional de Combustíveis de Angola Empresa Pública (Sonangol, E.P.), Maersk Oil and other partners declared the Azul-1 deepwater exploration well, located in Block 23 in the Kwanza Basin, a discovery well.

Dow to invest in water desalination and reuse technologies in Saudi Arabia

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FILMTEC membranes from Dow Water & Process Solutions are used in some of the most water-challenged areas of the world, including the Kingdom of Saudi Arabia, the United Arab Emirates, and Algeria. The Dow Chemical Company plans to invest in a best-in-class manufacturing facility for Dow FILMTEC reverse osmosis (RO) elements in the Kingdom of Saudi Arabia.

Opinion: How Much Longer Can OPEC Hold Out?

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One faction that is being led by Saudi Arabia wants to maintain and even increase its production levels while the other faction consisting of Venezuela, Nigeria, Iran, Iraq and Algeria requires just the opposite for safeguarding their national interests. by Gaurav Agnihotri for Oilprice.com.

2015 78

Opinion: Saudis Could Face An Open Revolt At Next OPEC Meeting

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As we have pointed out, RBC Capital’s fragile five , Algeria, Libya, Nigeria, Iraq and Venezuela, the pain is intense. by Dalan McEndree for Oilprice.com.

2015 85

Europe moves forward on the Energy Union; transport key element

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Further, the Commission will work with Member States to develop access to alternative suppliers, including from the Southern Gas Corridor route, the Mediterranean and Algeria, in order to decrease existing dependencies on individual suppliers. The European Commission has adopted the European Energy Union package —a framework strategy for a resilient energy union with a forward-looking climate change policy. As a next step, the Commission will present it to the EU institutions.

2015 69

Study reports non-US global shale gas recoverable resources of 5,760 Tcf; global shale gas boosts total recoverable natural gas resources by 40%

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In addition to the United States, this group includes Canada, Mexico, China, Australia, Libya, Algeria, Argentina, and Brazil. Map of 48 major shale gas basins in 32 countries. Source: EIA. Click to enlarge. Initial assessments of 48 shale gas basins containing almost 70 shale gas formations in 32 countries suggest that shale gas resources, which have recently provided a major boost to US natural gas production, are also available in other world regions.

2011 60

Opinion: Is Russia Plotting To Bring Down OPEC?

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Putin has aligned Russia with OPEC’s have-nots—the members lacking financial resources to withstand low crude prices for an extended period and that have objected to Saudi policies (Iran, Iraq, Angola, Nigeria, Libya, Algeria, Ecuador, and Venezuela)—against the haves (Saudi Arabia, Kuwait, the UAE, and Qatar). by Dalan McEndree for Oilprice.com.