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Algeria to Increase Energy Production

Fuel storage tanks are pictured in Algiers, Algeria April 21, 2020. (Reuters)
Fuel storage tanks are pictured in Algiers, Algeria April 21, 2020. (Reuters)
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Algeria to Increase Energy Production

Fuel storage tanks are pictured in Algiers, Algeria April 21, 2020. (Reuters)
Fuel storage tanks are pictured in Algiers, Algeria April 21, 2020. (Reuters)

Algeria Mining Minister Mohamed Arkab stressed Sunday the need to continue efforts to renew hydrocarbons reserves and increase production.

“We must work on ensuring energy security,” he said, while urging the need to implement the Gara Djebilet mine and the phosphate projects in eastern Algeria

He ordered officials at the ministry to cooperate with institutions in the sector to improve the quality of services to the people and ensure that energy is provided.

He called for the swift completion of the merger of the mining and energy sectors so that focus can be shifted towards major projects in the sector.

Separately, Algeria decided to increase its share at the African Development Bank (AfDB) capital through underwriting 6,083 additional shares.

President Abdelmadjid Tebboune issued a decree in the official gazette, licensing Algeria’s underwriting in the AfDB shares.

Algeria’s issuance will be paid from the treasury, in accordance with a resolution dating to May 27, 2010, and a resolution dating to Oct. 21, 2020.

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Saudi Energy Minister Announces New 8 Arabian Oil, 6 Natural Gas Discoveries

Saudi Minister of Energy Prince Abdulaziz bin Salman bin Abdulaziz. Reuters file photo
Saudi Minister of Energy Prince Abdulaziz bin Salman bin Abdulaziz. Reuters file photo
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Saudi Energy Minister Announces New 8 Arabian Oil, 6 Natural Gas Discoveries

Saudi Minister of Energy Prince Abdulaziz bin Salman bin Abdulaziz. Reuters file photo
Saudi Minister of Energy Prince Abdulaziz bin Salman bin Abdulaziz. Reuters file photo

Minister of Energy Prince Abdulaziz bin Salman bin Abdulaziz announced that the Saudi Arabian Oil Company -Saudi Aramco- has discovered fourteen Arabian oil and natural gas fields and reservoirs in Eastern Region and the Empty Quarter. The discoveries include six fields and two reservoirs of Arabian oil, as well as two fields and four reservoirs of natural gas.
The minister extended his congratulations to Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud and His Royal Highness the Crown Prince and Prime Minister on these discoveries, expressing his wishes for continued growth, development, and prosperity for the Kingdom of Saudi Arabia and its people, SPA reported.
Prince Abdulaziz stated that "Jabu" oil field has been discovered in Eastern Region, following the flow of Arabian Extra Light Oil in "Jabu-1" well at a rate of 800 barrels per day (bpd). "Sayahid "oil field was also discovered, where Arabian Extra Light Oil flowed in "Sayahid-2" well at a rate of 630 bpd. Additionally, "Ayfan" oil field was discovered, where Arabian Extra Light Oil in "Ayfan-2" well flowed at a rate of 2,840 bpd, with 0.44 million standard cubic feet (MMscf) of associated gas per day. Furthermore, "Jubaila" oil reservoir has been discovered in "Berri" field after Arabian Light Oil flowed in " Berri-907" well at a rate of 520 bpd, associated with 0.2 MMscf of gas per day. In addition, "Unayzah-A" oil reservoir was discovered in "Mazalij" field after the flow of Arabian Super Light Oil in "Mazalij-64" well at a rate of 1,011 bpd, along with 0.92 MMscf of associated gas per day.
In the Empty Quarter, "Nuwayr" oil field has been discovered after the flow of Arabian Medium Oil in "Nuwayr-1" well at a rate of 1,800 bpd, with 0.55 MMscf of associated gas per day. Additionally, the oil field "Damda" was discovered, where Arabian Medium Oil flowed in "Damda-1" well at a rate of 200 bpd from "Mishrif-C" reservoir, while Arabian Extra Light Oil flowed from "Mishrif-D" reservoir in the same well at a rate of 115 bpd. Also, the discovery of "Qurqas" oil field was confirmed after Arabian Medium Oil flowed in "Qurqas-1" well at a rate of 210 bpd.
For natural gas, the minister of energy announced the discovery of "Ghizlan" gas field in Eastern Region, where gas flowed in " Ghizlan-1" well at a rate of 32 MMscf per day from "Unayzah B/C" reservoir, with 2,525 barrels of condensate. Also, "Araam" gas field was discovered after gas flowed in "Araam-1" well from "Unayzah B/C" reservoir at a rate of 24 MMscf per day with 3,000 barrels of condensate.
"Qusaiba" unconventional gas reservoir was also discovered in "Mihwaz" field in Eastern Region, where gas flowed in "Mihwaz-193101" well at a rate of 3.5 MMscf per day, with 485 barrels of condensates.
In the Empty Quarter, "Arab-C" gas reservoir was discovered in "Marzouq" field, where gas flowed in "Marzouq-8" well at a rate of 9.5 MMscf per day. The same well also resulted in the discovery of "Arab-D" gas reservoir, after the flow of gas at a rate of 10 MMscf per day. Additionally, the "Upper Jubaila" gas reservoir was discovered from the same well, where gas flowed at a rate of 1.5 MMscf per day.
Finally, Prince Abdulaziz stressed on the importance of the added value that these discoveries represent, solidifying the Kingdom’s leading position in the global energy sector, and reinforcing its rich hydrocarbon potential. Citing that such discoveries will lead to opening new horizons for the Kingdom’s economic development and strengthening its ability to meet both domestic and global energy demand efficiently and sustainably for decades to come. These discoveries will also support sustained economic growth and prosperity, in line with Vision 2030 and Saudi Arabia’s ambitious goals to fully harness its natural resources and enhance global energy security.