EconomyEnergy

forecast of 2,714 billion dinars as petroleum taxation in the PLF 2019


Algeria – The amount of the oil tax, planned in the framework of the draft law of finance (PLF) 2019, is estimated at 2.714,5 billion DA on the basis of a reference price of the barrel of oil at USD 50, Energy Minister Mustapha Guitouni said on Thursday in Algiers.

Speaking before the Finance and Budget Committee of the NPC, chaired by Mr. Toufik Torch, in the presence of the Minister of Relations with Parliament, Mahdjoub Bedda, on the occasion of the review of the PLF 2019 , the minister specified that a budget of 50.8 billion DA was devoted to the operating budget of his sector, the majority of which is intended for the subsidization of the desalination price of the sea water (87%), the The capital budget amounts to UA 49.6 billion and will be mainly devoted to the State support program for energy.

million. Guitouni also reported the consecration of DA 24.1 billion to the National Investment Support Fund for the electrification and public distribution of gas, in addition to DA 20 billion for the subsidy of the energy bill. in the wilayas of the South, and 5.5 billion AD to the two renewable energy and energy control programs.

An ambitious medium-term development program has been drawn up by the Ministry of Energy to meet the needs of the national energy market and increase export earnings, Guitouni said.

The program also aims to expand exploration activity by reducing the cost of production and improving the exploitation of oil fields, which will strengthen, the Minister continues, the production of hydrocarbons to medium and long terms.

In order to meet the growing needs of the domestic energy market, the Minister stated that his sector is working to develop processing activities through the completion of new petrochemical projects and the completion of the rehabilitation and renovation program. of the Algiers refinery, with the aim of increasing refining capacity from 2.7 million tonnes / year to 3.65 million tonnes / year.

The Minister reported, in this regard, launching a tender for the completion of new refineries in Hassi Messaoud and Tiaret to enter into service in 2022, with a refining capacity of 5 million tonnes / year each

In this regard, Mr. Guitouni said that the refining capacity will, thanks to these achievements, from 29.62 million / year to 40.565 million tonnes / year, in the medium term.

In order to improve the quality of this service, the Minister indicated that the marketing and distribution company "Naftal" had planned several projects to increase storage and distribution capacity by creating new means like the distribution stations.

With regard to investments in the field of hydrocarbons, the Minister reported an amount of US $ 59 billion allocated mainly to research and exploration activities for the period 2018-2022.

At this meeting, the Minister revealed that electricity generation capacity has reached a stability reaching 18 thousand MW at the end of September 2018, adding that his sector will strive to reinforce these capacities with the entry into service new stations with a capacity of 8,000 MW in 2022.

Guitouni also reiterated the determination of his sector to continue the application of the renewable energy program to produce 22,000 MW in the medium and long term, and this, he added, building on on the national industry.

He further indicated that the Electricity and Gas Regulatory Commission will, in the near future, launch a call for tenders by way of auctioning for the production of a number of production stations. electricity by means of solar energy with a total production capacity of up to 150 MW.

In this context, Mr. Guitouni explained that Sonatrach was also counting on the renewable energy sector as part of its 2030 strategic vision, saying that this group had drawn up an ambitious program for certain industrial sites in the hydrocarbons sector to cover 80 % of the electricity needs of the oil sites.

This program, which will produce 1.3 GW, will produce 1 billion m3 of gas per year, Guitouni said, adding that the volume will be used exclusively for export. This program will be accompanied by operations to promote energy control and rationalization of consumption by making energy efficiency in structures and homes, he concluded.

APS

Tags
Show More

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Close