The OPEC+ alliance is expected to approve a new increase in oil production today, Sunday. Reuters reported from sources that the OPEC+ alliance intends to approve an increase in production quotas by about 188,000 barrels per day starting from September, then suspend any additional increases in production, thereby completely canceling the voluntary reduction tranche. A delegate in OPEC+ and a source in the alliance mentioned that the group is likely to suspend production increases for the rest of the year after September, as the alliance engages in negotiations that may be difficult regarding new production quotas. The September increases would complete the gradual cancellation of a reduction tranche of 1.65 million barrels per day, originally agreed upon in ...
Algeria - On Monday, the Minister of Transportation, Saïd Sayoud, held talks in Algiers with the Deputy Prime Minister and Minister of Industry of the Czech Republic, Karel Havlíček, discussing ways to enhance bilateral cooperation between the two countries in the fields of transportation, according to a statement from the ministry.
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The Nigerian Minister of State for Petroleum Resources in charge of gas, Ikebekpe Ikpo, highlighted today from Moscow the developmental and economic dimensions of the Trans-Saharan gas pipeline that connects Nigeria to Algeria via Niger, especially for the Sahel countries, noting that the project is a priority, as Nigeria will extend a pipeline from the south of the country to the north to realize this continental energy facility.
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