Oil, gas, petrochemicals, Sonatrach, and energy sector developments
Algeria - The National Agency for the Valorization of Hydrocarbon Resources (Alnaft) announced in a statement today, Tuesday, the granting of a license for exploration in Algeria to 'British Petroleum' (BP), in the eastern basin.
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Economy of Algeria news
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The National Agency for the Valorization of Hydrocarbon Resources announced in a statement on Tuesday the granting of an exploration license in Algeria to British Petroleum (BP) in the eastern basin. The return of energy giant British Petroleum to Algeria is a strong signal of renewed confidence from international companies in the potential of the Algerian mining sector, within the framework of the partnership promoted by Naftal. The agency noted that the Algerian mining sector, which extends over more than 1.7 million square kilometers, offers vast areas with significant potential, in a context characterized by the rapid development of exploration technologies, emphasizing that it is pushing for a 'new dynamic based on innovation and the integration of advanced technologies, aimed at improving knowledge of...
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Today, Tuesday, the Minister of State, Minister of Hydrocarbons, Mohamed Arkab, spoke with the Jordanian Minister of Energy and Mineral Resources, Saleh Ali Hamid Al-Kharabsheh.
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AL24 News - British Petroleum obtains an exploration license in Algeria - news
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AL24 News - Algeria: Arqab discusses with his Jordanian counterpart ways to enhance bilateral cooperation in the field of hydrocarbons - news
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Today, Tuesday, the Minister of State, Minister of Energy, Mohamed Arqab, held discussions with officials from the Republic of Korea and the Hashemite Kingdom of Jordan, focusing on enhancing bilateral cooperation in the energy sector, expanding investment and partnership opportunities in oil and gas, and developing trade exchanges. In this context, Arqab received the Deputy Minister of Foreign Affairs responsible for economic affairs and the special envoy of the Foreign Minister of the Republic of Korea, Park Yong-han, accompanied by an official delegation, where both sides discussed ways to develop cooperative relations, particularly in the fields of hydrocarbons and oil and gas industry, reviewing ongoing projects and prospects for expanding partnership between the two countries. Watch the full content on الشروق أونلاين.
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The Algerian Desert Blend crude recorded an increase of 41.6% during March 2026, reaching $104.24 per barrel compared to $73.59 in February, amid a strong collective rise in the prices of Arab crude oils. According to a report issued by OPEC yesterday, global oil markets witnessed a significant jump in prices during the same month, with the average price of the OPEC basket rising by 71% to $116.36 per barrel, compared to $67.90 in the previous month, driven by escalating tensions related to the Iranian war and the accompanying disturbances in the Strait of Hormuz. Watch the full content on Echourouk Online.
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Oil prices declined in trading today, Tuesday, amid indications of a possible resumption of dialogue between the United States and Iran, which eased
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Discussions on supplies, marketing contracts, and partnership prospects.
elkhabar.com
The Minister of State, Minister of Energy, Mohamed Arkab, along with the Minister of Mines and Mining Industries, Mourad Hanifi, chaired a coordinating meeting today, Tuesday, in Algiers, dedicated to monitoring the progress of the integrated phosphate project in the regions of Hadba and Oued Kbiret, according to a statement from the Ministry of Energy.
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Renewed confidence of international companies in the potential of the national mining sector.
elkhabar.com