An oil country no more? Algerian energy exports sink rapidly
Algeria’s energy exports are plunging, threatening more financial suffering for the OPEC member and a potential repeat of the mass demonstrations that toppled the president two years ago. by Bloomberg 09/02/2021, 12:01 am
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Algeria’s energy exports are plunging, threatening more financial suffering for the OPEC member and a potential repeat of the mass demonstrations that toppled the president two years ago.
iPolitics By iPolitics. Published on Feb 8, 2021 12:20pm Wind energy
The Lead
Shell and Eneco, two Dutch-based energy firms, announced they have agreed to power Amazon’s European facilities with renewable energy. The energy supply will be generated by the Hollandske Kust Noord wind farm, which is being constructed off the coast of the Netherlands by the two energy companies. Starting in 2024, Amazon will off-take 380 megawatts of capacity from Hollandske Kust Noord.
Eneco will provide 130 megawatts while Shell will provide 250 megawatts, Shell said in a statement. Hollandse Kust Noord will have a total capacity of 759 megawatts and is scheduled to generate at least 3.3 terawatt hours per year, starting in 2023, according to Eneco.
An Oil Country No More? Algerian Energy Exports Sink Rapidly
Bloomberg 2/8/2021 Verity Ratcliffe, Souhail Karam and Salma El Wardany
(Bloomberg) Algeria’s energy exports are plunging, threatening more financial suffering for the OPEC member and a potential repeat of the mass demonstrations that toppled the president two years ago.
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The North African nation’s struggling to keep up shipments of oil and gas the lifeblood of the economy as years of mismanagement and a lack of investment take their toll. The decrease is so severe that Algeria might cease to be an crude exporter within a decade, according to Cherif Belmihoub, a minister in charge of economic projections.
An Oil Country No More? Algerian Energy Exports Sink Rapidly
Bloomberg 2/8/2021 Verity Ratcliffe, Souhail Karam and Salma El Wardany
(Bloomberg) Algeria’s energy exports are plunging, threatening more financial suffering for the OPEC member and a potential repeat of the mass demonstrations that toppled the president two years ago.
Popular Searches
The North African nation’s struggling to keep up shipments of oil and gas the lifeblood of the economy as years of mismanagement and a lack of investment take their toll. The decrease is so severe that Algeria might cease to be an crude exporter within a decade, according to Cherif Belmihoub, a minister in charge of economic projections.