Oil, gas, petrochemicals, Sonatrach, and energy sector developments
Algeria - The Organization of the African Oil Producing Countries highlighted the importance of the Trans-Saharan Gas Pipeline (TSGP) project, which connects Nigeria to Algeria via Niger, as a structural project that will enhance the continent's position as a key player in the balance of the global market.
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The Minister of Energy and Renewable Energies, Mourad Ajjal, received this Tuesday in Algiers a delegation from 'El Sewedy Electric Algeria' led by its General Manager, Mostafa Awad Al-Halwani, where the status of cooperation with the Egyptian partner and the progress of the agreements concluded with the Sonelgaz group were discussed, according to a statement from the ministry. The statement clarified that the meeting, which took place at the ministry's headquarters in the presence of several of its officials, is part of efforts to enhance external cooperation and explore ways to expand Algeria's international partnership in the energy sector.
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Oil prices fell this Tuesday by 9 percent, after reaching their highest level in more than three years in the previous session. Brent crude futures dropped by more than $9 to $89.58 per barrel, while West Texas Intermediate crude also fell by $9 to $85.77.
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Global energy and stock markets experienced a day of historic turbulence on Monday, due to the combined effect of military escalation.
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Interview conducted by Said Rabia Oil prices nearly reached 120 dollars per barrel on Sunday night
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The countdown has begun. According to the 2025 energy report and development prospects published by the company
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Algeria - The National Economic, Social and Environmental Council organized a seminar today, Monday, in Algiers, titled: 'Gara Djebilet: From the mining deposit to the sustainable development space', attended by the Secretary of State to the Minister of State, Minister of Hydrocarbons and Mines, in charge of mines, Karima Bekir Tafer, during which the economic and developmental dimensions of this project were highlighted.
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The Secretary of State to the Minister of State, Minister of Hydrocarbons and Mines, in charge of mines, Karima Bekir Tafer, confirmed that the Ghar Djebilet mine represents the 'cornerstone' in the process of enhancing the economic sovereignty of the country, noting that the decision of the President of the Republic to launch the exploitation of this deposit along with the completion of the mining railway line linking Tindouf, Bechar, and Ghar Djebilet constitutes a real turning point in valuing national mineral resources. Tafer added, on Monday, during a seminar organized by the National Economic, Social and Environmental Council in Algiers, titled: 'Ghar Djebilet: From Mining Deposit to Sustainable Development Space', that this project is not limited to the extraction of iron ore but is part of a vision ...
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The economy of Algeria news
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The Minister of Energy and Renewable Energies, Mourad Adjall, chaired a meeting with several management executives from the SONELGAZ group, led by the acting general manager, as part of monitoring the sector's activities, according to a statement from the ministry.
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The Managing Director of the International Monetary Fund, Kristalina Georgieva, warned today, Monday, of the inflation risks arising from the conflict in the Middle East. Georgieva stated during a seminar hosted by the Japanese Ministry of Finance that every 10% increase in oil prices, if sustained for most of the year, would be met with a global inflation increase of 40 basis points. The Managing Director of the International Monetary Fund ...
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Economy Dz aliqtissad dz Algeria Economy News
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