
Energy transition in Algeria: from institutional rationalization to the creation of a new value model
Prime Minister Sifi Ghrieb chaired a government meeting on Wednesday, April 15, 2026, dedicated to examining a draft executive decree concerning
Oil, gas, petrochemicals, Sonatrach, and energy sector developments

Prime Minister Sifi Ghrieb chaired a government meeting on Wednesday, April 15, 2026, dedicated to examining a draft executive decree concerning

European attention is turning to Algeria as one of the key partners capable of making the Southern Hydrogen Corridor project successful, thanks to its advanced energy infrastructure and strategic location within the renewable energy belt of the Sahara.

The administration of U.S. President Donald Trump has renewed the waiver allowing countries to purchase Russian oil and petroleum products already loaded at sea for nearly a month.

Algeria stands out as one of the most important and strongest candidates for the success of the Southern Hydrogen Corridor project towards Europe, thanks to its energy infrastructure and existing export networks, along with a strategic location within the renewable energy belt of the Sahara Desert, according to a recent report from the Energy Research Platform on the future of this European project. The report confirms that Austria has allocated 275 million euros (approximately 321.7 million dollars) to finance four national hydrogen projects, as part of its efforts to develop a southern corridor for transporting green hydrogen from North Africa through Italy to Central Europe, enhancing European competition to secure supplies. Read the full content on الشروق أونلاين

Prices fell by more than 11% after Iran announced the opening of the Strait of Hormuz and increasing signs of regional de-escalation, while volatility expectations remain.

Following the end of the term of the former Secretary General Hamou Tawahiria.

Fatih Birol, the executive director of the International Energy Agency, warned of rising oil and gas prices, and of jet fuel running out in Europe within six weeks if the Strait of Hormuz remains closed. In an interview with the Associated Press, Birol described the closure of the strait as the biggest energy crisis the world has ever seen, warning that developing countries in Latin America, Africa, and Asia would be the most affected, with many countries likely to transition from high inflation to recession if the strait is not opened by the end of May. Birol noted that allowing more than 110 oil tankers and 15 armed natural gas carriers to pass through the strait is not enough to resolve the crisis, especially since more than 80 of the assets are...

AL24 News - The International Energy Agency warns of rising energy prices if the Strait of Hormuz remains closed - news

Prices have surged since the beginning of the war and the closure of this strategic maritime corridor.

Oil prices fell in early trading this Friday. Brent crude futures dropped by $1.34, or 1.35 percent, to $98.05 per barrel. West Texas Intermediate crude futures also fell by $1.65, or 1.74 percent, to $93.40 per barrel, reducing the gains made in the previous session.

DZD economy aliqtissad dz Algeria economy news

DZD economy aliqtissad dz Algeria economy news