French Oil and Gas Renewable Science & Technology

ALGERIA FUTURE ENERGY Conference

On the opening of ALGERIA FUTURE ENERGY event in Algiers on October 29th, 2018, the Prime Minister Ahmed Ouayahia sent a message of serenity to the world “from a country that builds its own future, in a spirit of partnership, respect for commitments and contribution to building a world of peace of harmony and cooperation, “he said.

Taking part in the opening of a conference that brings together all the elite of the world’s oil companies, the Prime Minister recalled the objectives of Algeria’s energy policy based on the renewal and diversification of energy resources through a wider mining prospecting which will extend to the north of the country.

Considering the growth of local energy consumption in the order of 20% by 2040, Algeria must “value its unconventional resources whose prospection has proved that we were ranked third in the world in terms of capabilities. ”

He also emphasized the development of new opportunities for energy production by increasing the transport capacity of our pipelines to the European continent but also “promote the export of solar energy to our neighbourhood.”

The battle for technological innovation is also a major focus of Algerian energy policy. The country must use the most advanced technologies and improve the performance of companies.

Algeria’s energy potential is in the order of 4000 billion tonnes of oil equivalent of proved reserves, 2/3 of which is gas and 1.5 million square kilometres of mining area of ​​which 2/3 is not yet exploited.

The ALGERIA FUTURE ENERGY summit sees the participation of the largest oil companies in the world, such as ENI, TOTAL, REPSOL, BP, CEPSA, SAIPEM, DRAGON OIL.

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