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Stellantis Starts Production in its Tafraoui Plant in Algeria

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Tafraoui Plant

The plant represents an initial investment of €200 million and will assemble 90,000 cars annually for Algerian market with over 35% localization rate

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ORAN, Algeria, December 27, 2023/APO Group/ — 

Stellantis (www.Stellantis.com) delivers on its commitment made in November 2022; The plant represents an initial investment of €200 million and will assemble 90,000 cars annually for Algerian market with over 35% localization rate; This strategic move illustrates a long-term commitment to the development of the Algerian automotive industry, job creation, and technology transfer; Letter of Intent signed aiming to accelerate Stellantis contribution to the development of the Automotive Ecosystem in Algeria; Algeria will play a key role in Stellantis Middle East and Africa Dare Forward plan to become one of the leading automotive players in the region with a strong industrial footfprint and a production capacity of over 1 million vehicles per year.

Stellantis delivers on the commitment made in November 2022 announcing the start of production in its manufacturing plant in Tafraoui – Algeria, a  strategic move to bolster the development of the country automotive sector through localized manufacturing of Fiat models, including Fiat 500 and Fiat Doblò, and to further strengthen Stellantis’ market share in the Middle East and Africa region.

The inauguration ceremony, chaired by Mr. Ali Aoun, Minister of Industry and Pharmaceutical Production, featured Mr. Carlos Tavares, Stellantis Chief Executive Officer, Mr. Valentino Valentini, Vice Minister of Enterprises and Made in Italy, HE. Mr. Giovanni Pugliese, Ambassador of Italy in Algeria, Mr. Saïd Saayoud, Wali of Oran, Mr. Samir Cherfan, Stellantis Middle East and Africa Chief Operating Officer, Mr. Olivier François, FIAT Chief Executive Officer, Mr. Florian Huettl, Opel and Vauxhall Chief Executive Officer, Mr. Arnaud DEBOEUF, Chief Manufacturing Officer and Mr. Hakim Boutehra, Managing Director of Stellantis Algeria, Tunisia.

On this occasion, a Letter of Intent has been signed between Stellantis and the Algerian Authorities to accelerate Stellantis contribution to the development of the Automotive Industry; a step 2 ambition, in terms of production capacity, local integration rate and the creation of a Stellantis Academy in partnership with the Algerian Education Ministries. This new phase is associated with conditions of success that are being discussed between the two parties.

“Today, a letter of intent regarding the expansion of Stellantis’ industrial project in Algeria will be signed to increase the production capacity of this plant, which will be oriented towards the local and export markets,” declared Ali Aoun, Minister of Industry and Pharmaceutical Production, during his speech. “We, as public authorities, commit to ensuring the support of all investment projects aimed at creating wealth and employment.”

This strategic move illustrates a long-term commitment to the development of the Algerian automotive industry, job creation, and technology transfer

“Our Dare Forward 2030 plan envisioned Algeria being cemented into Stellantis’ regional future, and today we’re proud to have followed through on this plan by bringing Fiat brand to the country and providing great models to our Algerian customers through the manufacturing of the cars in Algeria,” said Stellantis CEO Carlos Tavares. “This is the beginning of a journey of growth and development for the benefit of the citizens of Tafraoui and Algerian customers. With today’s further announcement, we are poised to increase our commitment towards the country”.

This development follows the automotive specifications agreement signed in November 2022 with the Algerian Investment Promotion Agency (AAPI), confirming a framework agreement signed on October 13, 2022. The agreement initiated the development of industrial, aftersales, and spare parts activities for FIAT. Stellantis and its suppliers have committed an initial investment exceeding €200 million for the manufacturing of four models.

The Tafraoui plant, covering an area of 80 acres, will initially have an annual assembly capacity of 90,000 cars, featuring a range of four models, beginning with the Fiat 500 and the Fiat Doblò. In 2024, we aim to produce 40 000 units in SKD. The plant will reach 90 000 units in CKD including painting welding and stamping by 2026.

The industrial project has already created 500 direct jobs in Algeria in 2023, with the aim of reaching 1,200 jobs by end of 2024 and 2,000 jobs by 2026. In addition, the local supplier ecosystem will create over 1,600 indirect jobs by 2026.

Stellantis is committed to supporting Algerian authorities in developing the automotive industry and serve Algerian customers. The long-term commitment also includes developing a local supplier’s ecosystem and achieving a localization rate surpassing 35% in 2026, two years ahead of the regulatory threshold of 30%.

Additionally, knowledge and technology transfer are key and will be focusing on mastering advanced technologies, including electrified and electric vehicles. The current Stellantis and Suppliers operational teams have already undergone 125,000 hours of training in 2023; while the network staff has been trained over 15 000 hours. In addition, an “Automotive” University Diploma has been created for the factory technical and management teams and processes to guarantee Customer Satisfaction have been developed and deployed across the commercial network.

Stellantis launched its commercial operations in Algeria in March this year and has had a very strong ramp-up, closing the year with more than 50 points of sales covering 65% of the Algerian territory while offering 9 models and 2 brands: Fiat and Opel; with a team with close to 900 people and a robust logistics setting to deliver daily cars to our esteemed Algerian customers.

As part of this commitment, Algeria is positioned to become an export platform for Stellantis in the Middle East and Africa region. Benefiting from the advantages offered by Algeria, Stellantis aims to position the country as a strategic hub for automotive production.

Distributed by APO Group on behalf of Stellantis.

Business

Liberia to Preview Next Oil & Gas Licensing Round Strategy at Houston Investor Day

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The Liberia Petroleum Regulatory Authority will host operators, investors and partners in Houston on August 19 to preview future licensing opportunities and showcase the exploration potential of its offshore basins

HOUSTON, United States of America, August 7, 2026/APO Group/ –The Liberia Petroleum Regulatory Authority (LPRA) will present its strategy for the country’s next offshore licensing round at Liberia Investor Day Houston on August 19, bringing together international exploration companies, investors, service providers and energy leaders to discuss the next phase of Liberia’s upstream development.

Hosted in partnership with Energy Capital & Power, the event will provide a platform for the LPRA, led by Director General Hon. Marilyn T. Logan, to outline Liberia’s regulatory framework, investment priorities and plans to attract new participation across the country’s offshore sector. Discussions will focus on upcoming licensing opportunities, exploration prospects and the subsurface data supporting future investment decisions.

Liberia’s offshore sector is entering a new phase of exploration activity, with renewed international participation and a growing pipeline of opportunities. Following the award and ratification of eight Production Sharing Contracts in 2025, Liberia has re-established itself as a frontier exploration destination, with international operators advancing work programs designed to further evaluate the country’s petroleum potential. TotalEnergies is progressing exploration activities that include offshore geochemical surveys, 3D seismic acquisition and seabed mapping, while Oranto Petroleum has also signed contracts to explore Liberia’s offshore.

At the Liberia Investor Day Houston, the LPRA will provide industry stakeholders with insight into the priorities shaping the next licensing round, including the anticipated process, qualification requirements, available acreage and access to technical data. The engagement will give prospective investors a clearer view of Liberia’s exploration landscape and the opportunities emerging across its offshore basins.

The event will also facilitate direct dialogue between LPRA and the global upstream community, connecting companies with policymakers and industry stakeholders involved in shaping Liberia’s next chapter of petroleum development.

As exploration companies continue to seek new frontier opportunities, Liberia Investor Day Houston will highlight the role of regulatory certainty, data availability and strategic partnerships in unlocking long-term investment across Liberia’s offshore sector.

Registration is now open for attendees. Companies interested in Liberia’s emerging offshore opportunities are invited to join LPRA, investors and upstream leaders in Houston for insights into the country’s licensing strategy and exploration outlook. For more information contact info@energycapitalpower.com.

Distributed by APO Group on behalf of Energy Capital & Power.

 

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Beyond Stabroek: Guyana’s Offshore Basin Attracts New Wave of Exploration Investment

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Etu Energias

As ExxonMobil advances appraisal activity in Stabroek and new operators target frontier acreage, Guyana is attracting global capital and building a diversified offshore portfolio designed to sustain long-term growth

GEORGETOWN, Guyana, August 7, 2026/APO Group/ –Guyana’s transformation into one of the world’s fastest-growing oil producers is entering a new phase, with a growing network of IOCs expanding exploration activity across the country’s offshore basin. Beyond the landmark discoveries that first put Guyana on the global energy map, new drilling campaigns and licensing partnerships are creating a broader exploration ecosystem designed to support long-term production growth.

At the center of this momentum is ExxonMobil’s continued exploration and appraisal activity in the prolific Stabroek Block. The company has submitted a proposal for a 35-well exploration and appraisal drilling campaign, expected to run from 2028 through 2033, pending regulatory approval. The program would build on more than 30 commercial discoveries already made in the block, with drilling activity focused on evaluating new prospects and appraising existing discoveries to support future development opportunities.

Exploration activity is also extending into Guyana’s frontier acreage, with ExxonMobil advancing drilling operations at the deepwater Canje Block. The company has deployed the Noble Stena Carron drillship for exploration activity, highlighting continued industry interest in evaluating Guyana’s underexplored offshore potential beyond the established Stabroek Block.

Guyana’s strong exploration outlook comes as the country’s economy continues to benefit from rapid oil sector expansion, with hydrocarbons expected to remain a key driver of exports, government revenues and economic growth. As production scales up, attracting additional investment across exploration, services and infrastructure will be critical to supporting the next phase of development.

That momentum is being reinforced through partnerships established under Guyana’s 2023 offshore licensing round. A consortium comprising TotalEnergies, QatarEnergy and Petronas is advancing exploration activities in Block S4 under a five-year production sharing agreement signed with the government in late 2025. The award represents one of the first major outcomes of the licensing round and demonstrates continued international confidence in Guyana’s offshore resource potential.

Beyond the largest operators, a diverse group of companies is also expanding activity across Guyana’s offshore basin. Eco Atlantic is advancing exploration at the Orinduik Block; CGX Energy and Frontera Energy are progressing work in the Corentyne Block; Occidental is evaluating opportunities in the Roraima Block; while Ratio Guyana and Cataleya Energy hold interests in the Kaieteur Block. Together, these partnerships are broadening Guyana’s exploration landscape, increasing competition for acreage and creating opportunities for future discoveries.

As Guyana transitions from an emerging producer to a global energy hub, the next challenge will be converting exploration success into sustainable investment, local value creation and regional growth. These opportunities will be explored at Caribbean Energy Week 2027, held under the theme “Unlocking the Caribbean Energy Corridor: Oil, Gas, LNG & Investment for a New Global Hub.” Bringing together governments, IOCs, investors and technology providers, the event will examine how Guyana’s expanding partnerships can accelerate offshore development, strengthen regional energy cooperation and attract the capital needed to support the Caribbean’s evolving energy landscape.

Distributed by APO Group on behalf of Energy Capital & Power.

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Energy Capital & Power Establishes London Entity, Expanding Global Platform for Energy and Mining Events

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Energy

The move strengthens ECP’s presence in the UK and Europe, and its ability to connect African and South American markets with global investors

LONDON, United Kingdom, August 6, 2026/APO Group/ –International events company Energy Capital & Power (ECP) (www.EnergyCapitalPower.com) has officially established its UK entity in London, marking a milestone in the company’s growth strategy and reinforcing its ability to deliver world-class energy and mining events and campaigns in the UK and Europe.

By establishing a presence in a key hub like London – the pre-eminent energy and mining finance center – ECP actively shapes the global energy conversation. The expansion positions ECP to better serve clients, partners and investors seeking to develop business opportunities between Africa, Europe, the Americas and energy markets worldwide.

Opening our UK company brings ECP closer to key investors in the global energy finance capital

The milestone comes as ECP strengthens its reach through a series of investment platforms that connect global capital to energy and mining projects. These include the Venezuela Energy Week London Showcase on July 30 – with over 300 delegates registered – and the annual Invest in African Energy Forum, held in Paris as the premier event connecting global investors to Africa’s energy transformation.

ECP hosts high level summits and investor conferences in leading energy and minerals producing countries in Africa and South America, including: Venezuela Energy Week; Angola Oil & Gas; MSGBC Oil, Gas & Power; African Mining Week; Libya Energy & Economic Summit; Congo Energy & Investment Forum; South Sudan Oil & Power; and Caribbean Energy Week. The company has hosted investor forums and supported licensing round roadshows in Houston, London and Paris since 2016.

“Opening our UK company brings ECP closer to key investors in the global energy finance capital,” states CEO James Chester. “Having a permanent presence in London further cements our footprint in Europe, enabling us to fulfil our mission to bring minerals and energy investment to diverse global markets.”

With teams located across Africa, Europe and the Americas, ECP has long-facilitated strategic engagement, market intelligence and industry convening, uniting investors with leading energy and mining projects.

Distributed by APO Group on behalf of Energy Capital & Power.

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