
Oil: The OPEC+ group approves production increase
Starting from next June.
Government economic decisions, reforms, budgets, and fiscal policy

Starting from next June.

Seven countries from the OPEC+ group, including Algeria, agreed this Sunday to a collective increase in oil production of 188,000 barrels per day for the upcoming month of June, according to a statement from the Ministry of Energy.

It solidifies its position as a gateway for exports.

Algeria - Three executive decrees aimed at facilitating investment procedures in Algeria were published in issue 31 of the official gazette, by expanding the powers of the one-stop shop, simplifying the procedures for obtaining economic property, and redefining the composition of the National Investment Council, as part of enhancing the business climate, according to a statement from the Algerian Agency for Investment Promotion today, Saturday.

Setif - The fourth edition of the National Salon 'Hodab Pharma Expo' for Pharmaceutical Production concluded today, Saturday, held at the Exhibition Palace in the city of Setif under the slogan 'National Pharmacy Towards Achieving Health Sovereignty'.

Algeria - The Minister of State, Minister of Energy, Mohamed Arqab, will participate tomorrow, Sunday, via videoconference, in the coordination meeting of the G7 countries within the framework of 'OPEC+', dedicated to monitoring developments in the global oil market and enhancing coordination among the participating countries in the cooperation declaration, according to a statement from the ministry on Saturday.

Algeria - A high-level Algerian technical committee will begin a three-day working visit to the Republic of Chad starting tomorrow, Sunday, as part of implementing the bilateral cooperation agreements signed between the two countries in the field of public works and basic infrastructure, according to a statement from the Ministry of Public Works and Basic Infrastructure.

The National Chamber of Auditors has begun an unprecedented transformation in the auditing profession through a national training program that attracted 700 professionals distributed across 22 centers in 16 provinces, in a step to unify practices and enhance efficiency, and also to facilitate Algeria's exit from the grey list of the Financial Action Task Force (FATF). This process is accompanied by the integration of international compliance standards, especially recommendations to combat money laundering, which redefines the role of auditors as a player in the transparency system and economic protection. Focus on combating money laundering and terrorist financing and reviewing the legal framework of the profession. Read the full content on Echourouk Online.

The tax authorities have redefined the rules for settling the local solidarity tax, which is paid by companies to finance municipalities, imposing a strict payment deadline of February 20 each year. In return, the system now allows either the application of penalties for late payment or the refund of surpluses in case amounts exceeding the actual dues are paid, in a balance between strictness and flexibility. In this context, the General Directorate of Taxes, under instruction number 24/2026, issued on April 20, 2026, ordered the implementation of new amendments regarding the settlement method of the local solidarity tax, within the framework of the provisions of the 2026 finance law, by redefining some payment procedures related to the advance system. And it was directed...

The Minister of State, Minister of Energy, Mohamed Arkab, will participate tomorrow, Sunday, via videoconference, in the coordination meeting of the Group of Seven countries within the framework of 'OPEC+', aimed at monitoring developments in the global oil market and enhancing coordination among the participating countries in the Declaration of Cooperation, according to a statement from the ministry on Saturday. The same source clarified that the meeting will bring together the ministers of Algeria […]

The Minister of State, Minister of Energy, Mohamed Arqab, will participate tomorrow, Sunday, May 3, via videoconference, in the coordination meeting of the Group of Seven within the framework of OPEC+, according to the Ministry of Energy. According to the same source, the meeting, which will include Algeria, Saudi Arabia, Iraq, Kazakhstan, Kuwait, Oman, and Russia, comes as part of the regular monitoring of the global oil market situation and enhancing coordination among the seven countries participating in the cooperation declaration (OPEC+), which implements voluntary adjustments in their production levels. Read the full content on Echourouk Online.

Economy of Algeria news