Sarkis: Algeria plans to avoid hydrocarbons production maximisation

Algeria’s new energy policy is coherent as it aims at avoid maximisation of oil production by turning to renewable energies, General Director of the Arab Petroleum Research Center (APRC) Nicolas Sarkis said on Tuesday.

• “A comprehensive and coherent programme to develop energy is underway in Algeria,” Nicolas Sarkis told the Algerian news agency APS.
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• “It is important that public authorities in Algeria put an end the maximisation of oil exploitation as his endeavour would bring better future for the next generations,” he added.
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• “Oil barrels or gas cube metres stocked underground will be more valuable than dollars earned and put in banks.”
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• “These resources are an asset of bigger value if it was kept underground.”
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• Sarkis said Algeria has a will to diversify its energy resources. “Fortunately, Algeria has big advantages in this field including solar energy.”
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• He believes that the development of renewable energies does not mean developing new sources of energy only but also creating a new industry.
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• The national programme of renewable energies aims at producing 40 percent of power total production through renewable energies during 20 years.
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• It is also meant to produce 22,000 megawatt of renewable energy in 2030. Of it, 12,000 megawatt to cover the national demand and 10,000 are meant to export.
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• According to Arab Oil and Gas magazine, popular revolutions in the region and the nuclear catastrophic in Japan would boost renewable energies production.