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Nationalization of oil in Algeria information


This article covers the history of the nationalization of oil in Algeria.

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Nationalization of oil in Algeria

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covers the history of the nationalization of oil in Algeria. After Algeria claimed independence from France in July 1962, the economy of the new nation resembled...

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Nationalization of oil supplies

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nationalization of oil supplies refers to the process of confiscation of oil production operations and their property, generally for the purpose of obtaining...

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Sonatrach

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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...

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Foreign relations of Algeria

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the cost, Algerian-French relations were progressively normalized during the 1970 decade. This posturing, like the nationalization of oil in 1971, served...

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OPEC

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of dominant Anglo-American oil firms (the Seven Sisters). Coordination among oil-producing states within OPEC made it easier for them to nationalize oil...

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Petroleum

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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...

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1973 oil crisis

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Shah of Iran was only interested in higher oil prices. The Oil Minister of Iraq, Sa'dun Hammadi demanded the "total nationalization" of all assets of American...

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PDVSA

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production of natural gas. Since its founding on 1 January 1976, with the nationalization of the Venezuelan oil industry, PDVSA has dominated the oil industry...

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National Oil Corporation

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a socialist style nationalization program under which the government either nationalized oil companies or became a participant in their concessions,...

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Chronology of world oil market events

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immediate increase in posted prices, and further successive increases. February 24: Algeria nationalizes 51 percent of French oil concessions. April 2:...

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List of oil exploration and production companies

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include companies only involved in refining and marketing. Energy portal List of largest oil and gas companies by revenue List of oilfield service companies...

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Sweet crude oil

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of sulfur is called sour crude oil. Sweet crude oil contains small amounts of hydrogen sulfide and carbon dioxide. High-quality, low-sulfur crude oil...

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Suez Crisis

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influence in the oil-rich region. Over the same period, the French Premier Guy Mollet, was facing an increasingly serious rebellion in Algeria, where the...

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1980s oil glut

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1980s oil glut was a significant surplus of crude oil caused by falling demand following the 1970s energy crisis. The world price of oil had peaked in 1980...

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Hassi Messaoud

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After discovering oil in the region in the 1950s the French built two petroleum bases. After the nationalization of oil and gas in the early 70s, the...

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General Union of Algerian Workers

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subsequent years of independence under a single-party socialist government, while welcoming the nationalization policy the government pursued. In 1989, the government...

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List of crude oil products

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In the international petroleum industry, crude oil products are traded on various oil bourses based on established chemical profiles, delivery locations...

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List of oil fields

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list of oil fields includes some major oil fields of the past and present. The list is incomplete; there are more than 25,000 oil and gas fields of all...

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Fracking

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application followed in 1950. As of 2012, 2.5 million "frac jobs" had been performed worldwide on oil and gas wells, over one million of those within the...

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17 July Revolution

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moderate government to nationalize the Western-owned Iraq Petroleum Company (IPC) in order to use Iraq's "oil as a weapon in the battle against Israel...

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Sonangol Group

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remains of Texaco, Total, Shell and Mobil's oil works, Sonangol obtained the assistance of Algerian Sonatrach and of Italian Eni. Oil giant Marathon Oil announced...

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Petroleum industry in Chad

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100,000 barrels of oil a day, most of Chad's crude comes from its reserves in the Doba Basin in southern Chad where oil was discovered in the early 1970s...

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Petrovietnam

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out exploration activities in Malaysia, Indonesia, Mongolia, Myanmar and Algeria, and recovers oil in Iraq and Malaysia. In order to help pay for the costs...

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OPEC Reference Basket

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2017, the OPEC reference basket consists of a weighted average of the following crudes: Saharan Blend (from Algeria) Girassol (from Angola) Oriente (from...

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Price of oil

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The price of oil, or the oil price, generally refers to the spot price of a barrel (159 litres) of benchmark crude oil—a reference price for buyers and...

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Pertamina

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name. ConocoPhillips Algeria Ltd ConocoPhillips Algeria Ltd. owns three onshore oil fields. The company is based in Algeria. As of 27 November 2013, ConocoPhillips...

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