Oil, gas, petrochemicals, Sonatrach, and energy sector developments
The announcement of an imminent agreement between Tehran and Muscat, confirmed by Iranian Foreign Minister Abbas Araqchi, marks a decisive turning point for global energy security as the strategic chokepoint of the Hormuz Strait is blocked by Iran in response to American-Israeli strikes.
Algeria - The Minister of Energy and Renewable Energies, Mourad Adjall, chaired today, Sunday, in Algiers, a meeting of the sectoral coordination committee, during which the results of the SONELGAZ Group for the second quarter of 2026 were reviewed, according to a statement from the ministry.
The Minister of Energy and Renewable Energies, Mourad Adjail, chaired today, Sunday in Algiers, a meeting of the sectoral coordination committee, during which the results of the SONELGAZ group for the second quarter of 2026 were reviewed, according to a statement from the ministry. The meeting, which comes as part of the regular follow-up on the sector's activities and the evaluation of performance and achievement indicators, was dedicated to studying and following up on several files related to the sector's activities.
Europe's imports of naphtha saw an increase in July 2026, supported by Algeria, with total imports for the continent rising by 39.2% month-on-month compared to June, equivalent to 490,000 tons. Algeria topped the list of naphtha (Naphtha) exporters, which is a light liquid intermediate petroleum product obtained during the crude oil refining process, and is considered a key raw material …
The Minister of Energy chairs the meeting of the sectoral coordination committee.
The Minister of Energy and Renewable Energies, Mourad Adjail, chaired today, Sunday, in Algiers, a meeting of the sectoral coordination committee, during which the results of the SONELGAZ Group for the second quarter of 2026 were reviewed, according to a statement from the ministry.
The renewable energy market is undergoing significant changes. Indeed, after a record year in 2025 marked by purchases of photovoltaic equipment nearing 2.1 gigawatts (GW), compared to only 350 megawatts (MW) in 2024, Algeria is experiencing a noticeable slowdown in its imports at the beginning of 2026. They have decreased by 46% in the first half of the current year, equivalent to a drop of 390 MW, according to figures from the specialized platform 'Attaqa'.
Algeria is among the largest producers of natural gas liquids (ethane, naphtha, and LPG) in the world. It ranks first in Africa with a production of 268,000 barrels/day and 9th globally, according to the latest statistical report on energy (World Energy) for the fiscal year 2025, an international reference on supply, demand, and key trends in the sector.
Oil prices recorded a slight increase during morning trading today, Friday, in the international London market, amid prevailing geopolitical uncertainty in the Middle East region. Just before noon, the prices of Brent crude, for October delivery, rose by 0.34 percent to reach $82.21 per barrel. The prices of futures contracts for West Texas Intermediate crude, for September delivery, also increased by 0.17 …
Oil prices rose by more than three dollars per barrel at settlement on Thursday. Brent crude futures closed up $3.04, or 3.83 percent, at $82.49 per barrel. West Texas Intermediate crude futures closed up $2.07, or 2.75 percent, at $77.29.
Oil prices varied at settlement on Wednesday, with Brent crude rising slightly and American crude falling. Brent crude futures rose by nine cents or 0.11 percent to $79.45 per barrel at settlement. West Texas Intermediate crude futures fell by 55 cents or 0.73 percent to $75.22 per barrel.
During the months of April, May, and June, the Medgaz pipeline directly linking Algeria to Spain was filled to 100% of its capacity, that is, 10 billion cubic meters annually. Algerian natural gas exports to this country increased by 24% during this period.