
Oil Continues to Gain
As the movement of oil tankers through the Strait of Hormuz remains halted.
Oil, gas, petrochemicals, Sonatrach, and energy sector developments

As the movement of oil tankers through the Strait of Hormuz remains halted.

Oil prices rose in early trading this Friday. Brent crude futures increased by 83 cents or 0.87 percent to $96.75 per barrel, while West Texas Intermediate futures rose by $1.04 or 1.06 percent to $98.91 per barrel.

The Director General of the Algerian Green Energy Group, Professor Boukhalfa Yaïssi, announced the launch of new projects in the field of renewable energy that are expected to provide around 12,000 jobs, focusing on training competencies and qualifying human resources to meet the sector's requirements. He emphasized that ensuring continuity and transitioning to new investments represent the biggest challenge in the upcoming phase. Yaïssi explained during his appearance on the program 'Guest of the Morning' on the air of the first radio channel that these projects are part of a broader national program aimed at producing 15,000 megawatts of renewable energy by 2035, including 3,200 megawatts under construction, which will allow for the provision of between 6 to 8 billion...

AL24 News - Libya announces a new oil discovery in the Ghadames Basin in cooperation with SONATRACH - news

The National Oil Corporation, state-owned in Libya, announced a new oil and gas discovery from the exploratory well A1-69/02 in the Ghadames Basin in collaboration with SONATRACH, recording a daily production of 13 million cubic feet of gas and 327 barrels of condensate. The well is located 70 kilometers from the Al-Wafa field and was drilled to a depth of 8,440 feet, extracting resources from the Ouinat Wanin and Ouin Kazza layers. Read the full content on Echourouk Online.

The Koudiat Darawesh seawater desalination plant in the El Tarf province has resumed its operations at full production capacity of 300,000 cubic meters per day, following the completion of preventive maintenance works and the resolution of a technical issue that was controlled, ensuring the continuity of water supply for the provinces of El Tarf and Annaba. This occurred during a work and inspection visit by the Minister of State, Minister of Hydrocarbons and Mines, Mohamed Arkab, who reviewed the general condition of the plant and observed the normal conditions of its restart, alongside monitoring the technical interventions that followed the issue recorded during the restart phase. Read the full content on Echourouk Online.

Oil prices rose today, Thursday, amid fears of supply disruptions. Brent crude futures increased by $2.6 or 2.74 percent to $97.35 per barrel, and West Texas Intermediate crude rose by $3.02 or 3.2 percent to $97.43 per barrel.

The Director General of the Algerian Green Energy Group, Professor Boukhlef Yacine, emphasized the importance of developing renewable energies in Algeria, highlighting the role that the new structure in the sector is playing, which is expected to open new horizons for energy transition.

In a global energy landscape marked by chronic instability in crude oil prices and an accelerated reconfiguration of supply chains

Beyond the commissioning of heavy infrastructure, the success of the Algerian petrochemical plan in 2026 relies on a second

Algeria - The Minister of Energy and Renewable Energies, Mourad Ajal, held a meeting today, Wednesday, via videoconference, with the Minister of Mines, Petroleum, and Energy of the Republic of Côte d'Ivoire, the current president of the ministerial meeting of the African Petroleum Producers Organization, Mamadou Sankafou Koulibaly, to discuss ways to enhance cooperation between the two countries, according to a statement from the ministry.

Algeria - Naftal signed a protocol agreement today, Wednesday, in Algiers, with the Automotive Industry Development Corporation, which is affiliated with the Military Industries Directorate of the Ministry of National Defense, and two commercial contracts with two subsidiaries of the same institution, to acquire 400 complete traction sets to enhance the supply of petroleum products to the southern provinces.