Back
Energy & HydrocarbonsEconomic PolicySMEs & Local Business

Oufa: Nationalization of hydrocarbons is a historic sovereign decision that allowed the launch of an economic and developmental future

February 23, 2026اقتصاد | الإذاعة الجزائريةradioalgerie.dzTranslated from Arabic
Oufa: Nationalization of hydrocarbons is a historic sovereign decision that allowed the launch of an economic and developmental future

Sofiane Oufa, Director of Cooperation and International Relations at the Ministry of Hydrocarbons and Mines, stated that the late President Houari Boumediene's decision to nationalize hydrocarbons on February 24, 1971, was not just an economic decision, but a historic sovereign decision that enabled Algeria to regain sovereignty over its natural resources and to embark on building its economic and developmental future.

Read Full Article
Share on social media

Related Articles

SMEs & Local Business
APS | تجارة وخدمات

70th Anniversary of the Founding of the Union of Traders and Artisans: Historical Seminars and Honors in the West of the Country

Oran - Several provinces in the west of the country witnessed, today Sunday, the organization of historical and scientific activities and honors on the occasion of commemorating the seventieth anniversary of the founding of the General Union of Algerian Traders and Artisans, coinciding with September 13, 1956, during which the role played by traders and artisans in supporting the liberation revolution and contributing to the construction of the national economy after independence was recalled, in addition to emphasizing the need to keep pace with current economic transformations.

Sep 13, 2026aps.dz
Banking & Finance
Algeria and Saudi Arabia Discuss Developing Financial Technology and Sukuk Market

Algeria and Saudi Arabia Discuss Developing Financial Technology and Sukuk Market

Algeria and Saudi Arabia explored ways to develop financial markets and enhance innovation and financial services during meetings that brought together stakeholders in the Algerian financial market and representatives from the Saudi Financial Market Authority, as part of the work of the Trade and Economy Committee stemming from the Algerian-Saudi High Coordination Council. The meetings were held at the headquarters of the Commission for Organizing and Monitoring Stock Exchange Operations (COSOB) and via videoconferencing, providing an opportunity to exchange experiences and practices in several areas related to the development of financial markets. Read the full content on Echourouk Online.

Sep 13, 2026echoroukonline.com
Trade & Exports
Algeria Overtakes the UAE as the Top Supplier of Naphtha to South Korea

Algeria Overtakes the UAE as the Top Supplier of Naphtha to South Korea

Algeria has become the top supplier of naphtha to South Korea during the first half of 2026, with a share of 17.2% of the country's total imports of this material, surpassing the United Arab Emirates, the United States, India, and Oman, according to data from the Korea International Trade Association (KITA) reported by the Embassy of the Republic of Korea in Algeria. KITA's figures showed that Algeria's share of South Korea's naphtha imports reached 17.2% during the first six months of the year, compared to 14.5% for the United Arab Emirates, 13.0% for the United States, 9.7% for India, and 9.3% for Oman. View the full content on Echourouk Online.

Sep 13, 2026echoroukonline.com

News Disclaimer: Articles are curated from third-party sources for informational purposes. We do not verify or endorse the accuracy of third-party content.