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Algeria Sonatrach will invest 35,500 million euros by 2026, with Spain and Portugal “in sight” – Executive Digest

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Algeria’s state energy group Sonatrach announced today that it will invest $ 40 billion (€ 35.550 million) between 2022 and 2026 in gas exploration, production and processing projects that will benefit Spain and Portugal.

Speaking to Algeria’s AL24 News, Sonatrach President Tuflik Hakkar said the oil group plans to commission a fourth turbocharger on the Medgaz pipeline this month, which transports Algerian gas to Spain and Portugal.

The turbocharger will guarantee supplies to the Spanish market in accordance with contract volumes estimated at 10,500 million cubic meters and will meet any additional volume requests, Sonatrach president said.

In November 2021, Algeria decided to abandon exploration of the Maghreb-Europe (GME) gas pipeline, which crosses Morocco, for supplies to Spain and Portugal.

“Our investment plan for the period from 2022 to 2026 is about $ 40 billion, of which 8 billion (€ 7,010 million) is already foreseen for 2022,” Hakkar said.

Sonatrach president specified that a third of the investments will be related to international partners.

“Most of this [dos investimentos] will focus on exploration and production to maintain production capacity, and refining projects to meet national fuel demand, ”he explained.

The plan includes the construction of an oil refinery in Hassi Messaoud (the largest oil field in Algeria, in the center of the country) and the expansion of the existing plant in Skikda (northeast) with the aim of converting certain derivatives into fuel, he added.

The state-owned group’s revenue increased by 70% in 2021 thanks to a 19% increase in hydrocarbon exports, Hakkar pointed out, pointing out that Sonatrach exported US $ 34.5 billion (€ 30.570 billion) in 2021 versus $ 20 billion (€ 17.720 million) … in 2020.

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Hakkar stressed that the average price per barrel of oil is around $ 70 (€ 62.03), but stressed that Sonatrach’s strategy is based on a $ 50 (€ 44.30) price “to avoid any market fluctuations.”

Algeria, the fourth largest economic power on the African continent, is particularly vulnerable to fluctuations in oil prices due to its dependence on oil revenues, which account for more than 90% of external revenues.

At the end of December, the Bank of Algeria announced that the recent recovery in oil prices had reduced Algeria’s trade deficit, which fell “from $ 10,504 million (€ 9,310 million) at the end of September 2020 to € 1,571 million. (1,392 million euros) in September 2021 “.

In 2011, Sonatrach announced a $ 60 billion (€ 53,170 million) investment plan for the period 2011/2015 to strengthen its production capacity.

However, following the crash in crude oil prices in 2014, the group cut investments, which were later revised downward following the outbreak of the covid-19 pandemic in 2020 and further declines in black gold prices.

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Economy

Everything has been delivered. 10 Bugatti Centodieci are already in the hands of the owners

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Everything has been delivered.  10 Bugatti Centodieci are already in the hands of the owners

OAll Bugatti Centodieci have been delivered, the Molsheim-based brand said on Monday. Cristiano Ronaldo received the number 07 in October this year. and Bugatti has now revealed that the latest unit – #10 – is already in the possession of its owner.

“The Centodieci combines all the values ​​of the Bugatti brand in an extraordinary package: rarity, innovation, heritage, craftsmanship and unrivaled performance. The production batch of 10 units was so in demand by our customers that it was sold before the Centodieci. was even officially presented,” said Christophe Piochon, president of Bugatti.

This latest example is finished in Quartz White with carbon fiber trim on the bottom and matte grilles. The brake calipers are painted in Light Blue Sport, as is the logo on the rear that refers to the EB110, the iconic Bugatti model that inspired this Centodieci. Inside, the predominant color is also blue, as you can see in the images above.

This block is powered by the same block as the other nine instances. The 8.0-liter W16 with four turbines is capable of developing 1600 hp. In terms of performance, this allows the Centodieci to hit 100 km/h in just 2.4 seconds and reach a top speed of 380 km/h.

Recall that each unit costs the owners eight million euros before taxes.

Read also: We already know when the Bugatti Centodieci fell into the hands of Ronaldo.

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Economy

The first Dacia hybrid. “The cheapest hybrid family on the market”

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The first Dacia hybrid.  "The cheapest hybrid family on the market"

BUT Dacia revealed this Monday that the hybrid engine has been available since March on the Jogger, the Romanian brand’s model known to be available with a seven-seat variant.

The Jogger Hybrid 140, Dacia’s first hybrid, will hit dealerships in March, but customers can expect and order it as early as January.

The price has been revealed by Dacia and since it’s only available in the seven-seater SL Extreme, it starts at €28,800. The brand claims it is “the most affordable hybrid family car on the market.”

Available in six existing colors to celebrate the launch of this hybrid, there will be a slate gray version, as you can see in the images above.

Equipped with a 1.6 liter four-cylinder petrol engine with 90 hp, the Jogger is also powered by two electric motors (a 50 hp engine and a high-voltage starter-generator). The total power is 140 horsepower. The electric transmission is automatic, four-speed, connected to an internal combustion engine, and two speeds are connected to an electric motor. This combined technology was possible, according to Dacia, only due to the lack of clutch.

Combined with the energy recovery levels of the 1.2kWh (230V) battery pack and the efficiency of the automatic transmission, regenerative braking delivers all-electric traction on 80% of urban journeys and saves up to 40% of fuel compared to a combustion engine vehicle.

Read also: Dual-fuel Dacia Jogger Eco-G. We tried 5 seater and LPG…

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Economy

See how Tesla tests its electric Semi truck in the worst-case scenarios

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Tesla Semi camião elétrico testes

Tesla has finally been able to bring its long-awaited Semi to market. This electric truck promises to revolutionize transportation and bring all the unique characteristics of this type of electric vehicle to this class of vehicles.

Now that the first units have been delivered, there is hope that they will finally be mass-produced and reach more transport companies. With so many promises to be kept, a new video is now emerging showing Tesla testing its Semi truck under worst-case scenarios.


Tesla Semi is already on the market

Like all Tesla electric vehicles, Semi follows the same line of creating a unique design associated with a platform with the most modern technology available. The proof is in what was presented to the public and surprised most people.

To prove the quality of this new proposal, Tesla published in your LinkedIn account new video. In it, he reveals some of the testing he's done to determine the strength and quality of the Semi's design and its (potential) durability.

Tests to prove its durability

It has been revealed that the Tesla electric truck is subjected to numerous tests and its application in the worst scenarios that drivers may face. It doesn't stop at the ruggedness of the Semi's designs, but goes further and focuses on the motors and batteries themselves.

This is the proof that many have been waiting for to ensure that this new proposal is not limited to a lot of autonomy. Its resistance is great and will provide greater durability, further enhancing the Semi's value and performance.

high quality electric truck

Tesla has already showcased the Semi's quality with a video showing its truck driving roughly 500 miles on just one charge. The big news here is that he managed to make this long journey with a maximum load of about 37 tons.

Now Tesla remains to widely place the Semi on the market. At the moment, only a few companies have access to this new product, with a very long list of pending deliveries, who want to start mass-using this electric truck offering.

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