On Tuesday, May 5, the contract to commence the second phase of the Hassi Bir Rakaiz field development project was signed, along with a memorandum of understanding to frame discussions on contracts for the marketing of crude oil and petroleum products. According to the Ministry of Energy, the ceremony was presided over by the Minister of State, Minister of Energy, Mohamed Arkab, and the Minister of Petroleum and Mineral Resources of the Arab Republic of Egypt, Karim Ibrahim Ali Badawi, at the headquarters of the General Directorate of SONATRACH. View the full content on Echourouk Online.
Algeria ranked first among naphtha suppliers to the Republic of Korea in the first half of 2026, with a share of over 17 percent of the country's imports, according to data from the Korea International Trade Association (KITA).
Algeria ranked first among naphtha suppliers to the Republic of Korea in the first half of 2026, with a share of over 17 percent of the country's imports, according to data from the Korea International Trade Association (KITA).
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.
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