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Sonatrach
Sonatrach ( ar, سوناطراك; french: Société Nationale pour la Recherche, la Production, le Transport, la Transformation, et la Commercialisation des Hydrocarbures) is the national state-owned oil company of Algeria. Founded in 1963, it is known today to be the largest company in Africa with 154 subsidiaries, and often referred as the first African oil "major". In 2021, Sonatrach was the seventh largest gas company in the world. Overview Sonatrach is the 12th largest oil consortium in the world, with 154 subsidiaries operating over the entire oil value-chain from upstream, to midstream, and downstream activities. In 2002, its gross sales was 1,530 billion Algerian dinars for a net income of 175 billion. With approximately 120,000 workers, the company produced 30% of the GNP of Algeria. Annually it produced 206 million Tonne of Oil equivalent (ToE), including 24 million ToE, or 11.7% of total, for the Algerian domestic market. In 2021, the company's export revenues had ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Algeria
) , image_map = Algeria (centered orthographic projection).svg , map_caption = , image_map2 = , capital = Algiers , coordinates = , largest_city = capital , religion = , official_languages = , languages_type = Other languages , languages = Algerian Arabic (Darja) French , ethnic_groups = , demonym = Algerian , government_type = Unitary semi-presidential republic , leader_title1 = President , leader_name1 = Abdelmadjid Tebboune , leader_title2 = Prime Minister , leader_name2 = Aymen Benabderrahmane , leader_title3 = Council President , leader_name3 = Salah Goudjil , leader_title4 = Assembly President , leader_name4 = Ibrahim Boughali , legislature = Parliament , upper_house = Council of the Nation , lower_house ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Naftal
Naftal (Arabic: نفطال) is the principal company selling petroleum-based fuels for domestic consumption in Algeria; its gas stations are a familiar sight throughout the country. Founded in 1981 by government decree, it was responsible for refining and distribution until 1987. In 1998, it became a subsidiary of Sonatrach. It employs about 30,000 workers, and has about 2300 gas stations (as of 2017). Activities Naftal is specialized in the distribution and sale of finished petroleum products and operations of service stations for the domestic market. Naftal manages 1,400 service stations in 2012. Naftal produces lubricants and naphthenic oils. Naftal manufactures its products in refineries of Sonatrach. In March 2022, Naftal signed a US$364 million engineering, procurement and construction (EPC) contract with Sonatrach's pipeline unit TRC. The pipeline should only take about 48 months to construct, and it would run 424 km from Arzew to Chlef Chlef ( ar, الشلف, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
GALSI
GALSI ( it, Gasdotto Algeria Sardegna Italia) was a planned natural gas pipeline from Algeria to Sardinia and further northern Italy, as an extension to the TransMed Pipeline. History The feasibility study was completed in 2005. The intergovernmental agreement on the GALSI pipeline was signed between Italy and Algeria on 14 November 2007. Early in 2008 one of the project founders, Wintershall, sold its share to other shareholders and left the project. In 2007, while surveying the proposed route between Sardinia and Algeria, sonar data from an Autonomous Underwater Vehicle (AUV) revealed a large wreck, later determined to be the French battleship ''Danton'', sunk in 1917. Route The pipeline would start from the Hassi R'mel field in Algeria and the section would run to Koudiet Draouche on the coast of Mediterranean Sea. The offshore section with two legs would be laid between Koudiet Draouche and Porto Botte ( CI), Sardinia. The Sardinian section would be planned ap ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Oil And Gas Industry
The petroleum industry, also known as the oil industry or the oil patch, includes the global processes of exploration, extraction, refining, transportation (often by oil tankers and pipelines), and marketing of petroleum products. The largest volume products of the industry are fuel oil and gasoline (petrol). Petroleum is also the raw material for many chemical products, including pharmaceuticals, solvents, fertilizers, pesticides, synthetic fragrances, and plastics. The industry is usually divided into three major components: upstream, midstream, and downstream. Upstream regards exploration and extraction of crude oil, midstream encompasses transportation and storage of crude, and downstream concerns refining crude oil into various end products. Petroleum is vital to many industries, and is necessary for the maintenance of industrial civilization in its current configuration, making it a critical concern for many nations. Oil accounts for a large percentage of the world’ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Numhyd
Numhyd is an oil company founded on 4 April 2003, jointly owned and managed by Algeria's Sonatrach and Tunisia's ETAP, who each own 50%. It is registered in Jersey, with offices in Algiers and Tunis. Its operations include oil fields in the Illizi Illizi ( ar, إيليزي) is a town and commune, coextensive with Illizi District, situated in the south-eastern part of Algeria, and capital of Illizi Province. According to the 2008 census it is the largest commune by population in the province ... basin (eastern Algerian Sahara) and the Kaboudia area offshore in Tunisia. Sources NUMHYD Government-owned companies of Africa Oil and gas companies of Algeria Oil and gas companies of Tunisia Algeria–Tunisia relations {{Petroleum-company-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Government-owned Corporation
A state-owned enterprise (SOE) is a government entity which is established or nationalised by the ''national government'' or ''provincial government'' by an executive order or an act of legislation in order to earn profit for the government, control monopoly of the private sector entities, provide products and services to citizens at a lower price and for the achievement of overall financial goals & developmental objectives in a particular country. The national government or provincial government has majority ownership over these ''state owned enterprises''. These ''state owned enterprises'' are also known as public sector undertakings in some countries. Defining characteristics of SOEs are their distinct legal form and possession of financial goals & developmental objectives (e.g., a state railway company may aim to make transportation more accessible and earn profit for the government), SOEs are government entities established to pursue financial objectives and devel ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tonne Of Oil Equivalent
The tonne of oil equivalent (toe) is a unit of energy defined as the amount of energy released by burning one tonne of crude oil. It is approximately 42 gigajoules or 11.630 megawatt-hours, although as different crude oils have different calorific values, the exact value is defined by convention; several slightly different definitions exist. The ''toe'' is sometimes used for large amounts of energy. Multiples of the ''toe'' are used, in particular the megatoe (Mtoe, one million toe) and the gigatoe (Gtoe, one billion toe). A smaller unit of kilogram of oil equivalent (kgoe or koe) is also sometimes used denoting 1/1000 toe. Definitions The International Energy Agency defines one '' tonne of oil equivalent'' (toe) to be equal to: *1 toe = 11.63 megawatt-hours (MWh) *1 toe = 41.868 gigajoules (GJ) *1 toe = 10 gigacalories (Gcal) – *1 toe = 39,683,207.2 British thermal units (BTU) *1 toe = 1.42857143 tonnes of coal equivalent (tce) Conversion into other units: *1 toe = 7.33 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Crude Oil
Petroleum, also known as crude oil, or simply oil, is a naturally occurring yellowish-black liquid mixture of mainly hydrocarbons, and is found in geological formations. The name ''petroleum'' covers both naturally occurring unprocessed crude oil and petroleum products that consist of refined crude oil. A fossil fuel, petroleum is formed when large quantities of dead organisms, mostly zooplankton and algae, are buried underneath sedimentary rock and subjected to both prolonged heat and pressure. Petroleum is primarily recovered by oil drilling. Drilling is carried out after studies of structural geology, sedimentary basin analysis, and reservoir characterisation. Recent developments in technologies have also led to exploitation of other Unconventional (oil & gas) reservoir, unconventional reserves such as oil sands and oil shale. Once extracted, oil is refined and separated, most easily by Continuous distillation#Continuous distillation of crude oil, distillation, into innume ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Concession (contract)
A concession or concession agreement is a grant of rights, land or property by a government, local authority, corporation, individual or other legal entity. Public services such as water supply may be operated as a concession. In the case of a public service concession, a private company enters into an agreement with the government to have the exclusive right to operate, maintain and carry out investment in a public utility (such as a water privatisation) for a given number of years. Other forms of contracts between public and private entities, namely lease contract and management contract (in the water sector often called by the French term ''affermage''), are closely related but differ from a concession in the rights of the operator and its remuneration. A lease gives a company the right to operate and maintain a public utility, but investment remains the responsibility of the public. Under a management contract the operator will collect the revenue only on behalf of the govern ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Net Income
In business and accounting, net income (also total comprehensive income, net earnings, net profit, bottom line, sales profit, or credit sales) is an entity's income minus cost of goods sold, expenses, depreciation and amortization, interest, and taxes for an accounting period. It is computed as the residual of all revenues and gains less all expenses and losses for the period,Stickney, et al. (2009) Financial Accounting: An Introduction to Concepts, Methods, and Uses. Cengage Learning and has also been defined as the net increase in shareholders' equity that results from a company's operations.Needles, et al. (2010) Financial Accounting. Cengage Learning. It is different from gross income, which only deducts the cost of goods sold from revenue. For households and individuals, net income refers to the (gross) income minus taxes and other deductions (e.g. mandatory pension contributions). Definition Net income can be distributed among holders of common stock as a dividend or ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Libya
Libya (; ar, ليبيا, Lībiyā), officially the State of Libya ( ar, دولة ليبيا, Dawlat Lībiyā), is a country in the Maghreb region in North Africa. It is bordered by the Mediterranean Sea to the north, Egypt to Egypt–Libya border, the east, Sudan to Libya–Sudan border, the southeast, Chad to Chad–Libya border, the south, Niger to Libya–Niger border, the southwest, Algeria to Algeria–Libya border, the west, and Tunisia to Libya–Tunisia border, the northwest. Libya is made of three historical regions: Tripolitania, Fezzan, and Cyrenaica. With an area of almost 700,000 square miles (1.8 million km2), it is the fourth-largest country in Africa and the Arab world, and the List of countries and outlying territories by total area, 16th-largest in the world. Libya has the List of countries by proven oil reserves, 10th-largest proven oil reserves in the world. The largest city and capital, Tripoli, Libya, Tripoli, is located in western Libya and contains over ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mauritania
Mauritania (; ar, موريتانيا, ', french: Mauritanie; Berber: ''Agawej'' or ''Cengit''; Pulaar: ''Moritani''; Wolof: ''Gànnaar''; Soninke:), officially the Islamic Republic of Mauritania ( ar, الجمهورية الإسلامية الموريتانية), is a sovereign country in West Africa. It is bordered by the Atlantic Ocean to the west, Western Sahara to the north and northwest, Algeria to the northeast, Mali to the east and southeast, and Senegal to the southwest. Mauritania is the 11th-largest country in Africa and the 28th-largest in the world, and 90% of its territory is situated in the Sahara. Most of its population of 4.4 million lives in the temperate south of the country, with roughly one-third concentrated in the capital and largest city, Nouakchott, located on the Atlantic coast. The country's name derives from the ancient Berber kingdom of Mauretania, located in North Africa within the ancient Maghreb. Berbers occupied what is now Mauritania ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
