The Minister of State, Minister of Energy, Mohamed Arqab, confirmed that global demand for oil and gas will continue to grow over the coming decades, driven by economic and industrial expansion and population growth, emphasizing the need to enhance investments in production and infrastructure to ensure supply security and market stability. Arqab stated, during his participation in a ministerial session on global oil and gas markets on Monday, on the sidelines of the 25th World Petroleum Congress 'WPC Energy 2026' in Riyadh, that Asia, Africa, and the Middle East will be key centers for energy demand growth, with expectations of rising global demand for natural gas until 2055. Watch the full content on Echourouk Online.
Oran - Work is underway on an investment project to establish a tire manufacturing plant in the industrial zone of Hamoul in the municipality of Tefraoui, Wilaya of Oran, with a progress rate of 48 percent, according to what was learned today, Monday, from the state's services.
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Algeria - The Minister of Foreign Trade and Export Promotion, Kamel Rezig, discussed today, Monday in Algiers, ways to enhance trade exchanges and expand economic cooperation with both Somalia and Russia, according to a statement from the ministry.
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The national economy is expected to continue its positive trend in 2027, with a projected growth of 4.2 percent, thanks to the anticipated performance of sectors outside hydrocarbons, particularly industry, construction, services, and agriculture, according to the draft finance law for 2027 presented by Finance Minister Mohamed Lamine Lobou today, Monday, before the Finance and Budget Committee of the National People's Assembly.
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