Algeria's state-owned company Sonatrach has made a new oil discovery at the Hassi Illatou well in the Sbaa region of Adrar province, news agency APS reported on Thursday.
The initial estimated volumes of this discovery stand at 151 million barrels of oil.
This is a "very promising" result that will lead to further hydrocarbon exploration activities in the province of Adrar, APS reported.
The discovery was made 28 years after the last oil discovery at Foukroun in the Sbaa area, the report said.
The North African country, a member of Opec, relies heavily on oil and gas for its state revenue. Algeria is Africa's biggest gas exporter and supplies about 11 per cent of the natural gas consumed in Europe.
Algerian oil production in September will rise to 1.57 million barrels per day after a decision by the Opec+ bloc to raise its output by 100,000 bpd, Reuters quoted Algerian Energy Minister Mohamed Arkab as saying earlier this month.
Last month, Sonatrach finalised an agreeement with French oil company TotalEnergies, Occidental and Italy's Eni to extend a production-sharing contract for a period of 25 years for onshore blocks in the eastern part of the North African country.
The four companies will invest $4 billion in the perimeter of Berkine to produce one billion of oil equivalent barrels, Reuters reported, citing Sonatrach chief executive Tewfik Hakkar.
Sonatrach, which reported a turnover of $34.5bn last year, recorded an increase in production of 5 per cent, as well as a jump in its exports of about 18 per cent last year.
Short-term let permits explained
Homeowners and tenants are allowed to list their properties for rental by registering through the Dubai Tourism website to obtain a permit.
Tenants also require a letter of no objection from their landlord before being allowed to list the property.
There is a cost of Dh1,590 before starting the process, with an additional licence fee of Dh300 per bedroom being rented in your home for the duration of the rental, which ranges from three months to a year.
Anyone hoping to list a property for rental must also provide a copy of their title deeds and Ejari, as well as their Emirates ID.
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Living in...
This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.
Know before you go
- Jebel Akhdar is a two-hour drive from Muscat airport or a six-hour drive from Dubai. It’s impossible to visit by car unless you have a 4x4. Phone ahead to the hotel to arrange a transfer.
- If you’re driving, make sure your insurance covers Oman.
- By air: Budget airlines Air Arabia, Flydubai and SalamAir offer direct routes to Muscat from the UAE.
- Tourists from the Emirates (UAE nationals not included) must apply for an Omani visa online before arrival at evisa.rop.gov.om. The process typically takes several days.
- Flash floods are probable due to the terrain and a lack of drainage. Always check the weather before venturing into any canyons or other remote areas and identify a plan of escape that includes high ground, shelter and parking where your car won’t be overtaken by sudden downpours.
All about the Sevens
Cape Town Sevens on Saturday and Sunday: Pools A – South Africa, Kenya, France, Russia; B – New Zealand, Australia, Spain, United States; C – England, Scotland, Argentina, Uganda; D – Fiji, Samoa, Canada, Wales
HSBC World Sevens Series standing after first leg in Dubai 1 South Africa; 2 New Zealand; 3 England; 4 Fiji; 5 Australia; 6 Samoa; 7 Kenya; 8 Scotland; 9 France; 10 Spain; 11 Argentina; 12 Canada; 13 Wales; 14 Uganda; 15 United States; 16 Russia
More from Rashmee Roshan Lall
Chef Nobu's advice for eating sushi
“One mistake people always make is adding extra wasabi. There is no need for this, because it should already be there between the rice and the fish.
“When eating nigiri, you must dip the fish – not the rice – in soy sauce, otherwise the rice will collapse. Also, don’t use too much soy sauce or it will make you thirsty. For sushi rolls, dip a little of the rice-covered roll lightly in soy sauce and eat in one bite.
“Chopsticks are acceptable, but really, I recommend using your fingers for sushi. Do use chopsticks for sashimi, though.
“The ginger should be eaten separately as a palette cleanser and used to clear the mouth when switching between different pieces of fish.”
The White Lotus: Season three
Creator: Mike White
Starring: Walton Goggins, Jason Isaacs, Natasha Rothwell
Rating: 4.5/5
Global state-owned investor ranking by size
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United States
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China
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UAE
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Japan
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Norway
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Canada
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Singapore
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Australia
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Saudi Arabia
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South Korea
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Brief scores:
Manchester City 3
Bernardo Silva 16', Sterling 57', Gundogan 79'
Bournemouth 1
Wilson 44'
Man of the match: Leroy Sane (Manchester City)
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Killing of Qassem Suleimani
UAE currency: the story behind the money in your pockets
