Government economic decisions, reforms, budgets, and fiscal policy
Algeria - Algeria and seven other countries in the OPEC+ alliance decided today, Sunday, on a new collective production increase of 206,000 barrels per day, starting from next April, reaffirming its commitment to a cautious approach to maintain market stability.
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DZD economy aliqtissad dz Algeria economy news
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Today, the Minister of State, Minister of Energy and Mines, Mohamed Arkab, participated via videoconference in the coordinating meeting of the group of eight countries that signed the cooperation declaration (OPEC+) which implements voluntary production adjustments, namely: Algeria, Saudi Arabia, the United Arab Emirates, Iraq, Kazakhstan, Kuwait, Oman, and Russia, according to a statement from the ministry. This meeting took place in the presence of the president […]
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Algeria will increase its oil production by 6,000 barrels per day starting next April, in compliance with the decision of the OPEC+ alliance during its meeting today, Sunday, which involves raising production by 206,000 barrels per day to maintain market stability amid the repercussions of the military strikes exchanged between Iran and the Zionist entity with American participation. The Algerian Minister of State, Minister of Energy and Mines, Mohamed Arkab, participated today...
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The group of eight countries that signed the cooperation declaration 'OPEC+', which implements voluntary production adjustments, announced a collective production increase of 206,000 barrels per day starting from April. Minister of State for Energy and Mines Mohamed Arkab participated on Sunday in the coordinating meeting of the group of eight countries, which includes Algeria, Saudi Arabia, the UAE, Iraq, Kazakhstan, Kuwait, Oman, and Russia. Read the full content on Echourouk Online.
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Economy DZD aliqtissad dz Algeria economy news
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The eight countries of the OPEC+ alliance announced in a virtual meeting today, Sunday, an increase in oil production by 206,000 barrels per day in April. Saudi Arabia, Russia, Iraq, the United Arab Emirates, Kuwait, Kazakhstan, Algeria, and Oman confirmed the adjustment of production and their commitment to market stability. A statement from the OPEC+ alliance today indicated that the eight countries, which had previously announced adjustments...
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The Chairman of the National Committee for Innovation and Business Incubators at the Ministry of Higher Education and Scientific Research, Professor Ahmed Meir, announced today, Sunday, the official launch of the first fund for managing venture capital investment funds in Algeria, in a move aimed at supporting the establishment of 20,000 startups, as part of an approach that enhances the economic role of the university. Professor Meir stated during his appearance as a guest on the 'Morning Guest' program on the first radio channel that the official unveiling of the fund will be tomorrow, Monday, during a celebration hosted by the Faculty of Media, initiated by the University of Algiers 3 and three affiliated institutions, in the presence of the Ministers of Higher Education and Finance, along with economic actors and social partners.
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Economy DZD aliqtissad dz Algeria economy news
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The Executive Director of the African Energy Commission, Rashid Ali Abdullah, confirmed Algeria's ability to contribute to energy security on the African continent thanks to its long experience in the hydrocarbons sector, its ambitious programs in renewable energies, and its strategic location linking Africa, Europe, and the Mediterranean Sea. This was stated in a speech delivered on his behalf by the Head of the Energy Information Systems and Statistics Department at the commission, Samson Nguabodouh, during an iftar organized by the Arab-African Center for Investment and Development last Saturday evening in Algiers under the slogan 'Energy and Water for Building Development'.
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The Executive Director of the African Energy Commission 'AFRAK', Rashid Ali Abdullah, highlighted Algeria's ability to contribute to the energy security of the continent thanks to its extensive experience.
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Bloomberg warned that the widening conflict in the Middle East signals the largest disruption in global gas markets since the Russian invasion of Ukraine in 2022, amid a near-total disruption of liquefied natural gas movement through the Strait of Hormuz, which accounts for about 20% of global LNG exports, threatening a sharp rise in prices, especially in Asia. According to Bloomberg, ship tracking data showed that at least 11 LNG carriers heading to or coming from Qatar stopped to avoid passing through the strait, while Asian buyers continued to communicate with suppliers in the Middle East to check on the availability of alternative shipments in anticipation of any long-term disruption. Read the full content on الشروق أونلاين
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