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Economy Dz aliqtissad dz Algeria economy news
Oil, gas, petrochemicals, Sonatrach, and energy sector developments

Economy Dz aliqtissad dz Algeria economy news

Algeria and Italy have officially opened negotiations to review and renew contracts for the supply of Algerian gas to the European country, as part of ongoing bilateral consultations aimed at securing energy supplies and enhancing the strategic partnership between the two countries, especially as Algeria solidifies its position as the main supplier of the Italian market with natural gas, covering more than a third of its needs from this vital energy source. In this context, sources close to the file informed 'Echorouk' that the issue of reviewing and renewing gas supply contracts was among the key topics discussed during the visit of Italian Minister of Environment and Energy Security, Gilberto Pichetto Fratin, to Algeria, during his meeting with the Minister of Energy and Mines.

The Minister of State, Minister of Energy and Mines, Mohamed Arkab, confirmed during a roundtable titled: “Employing the Energy Sector… A Foundation for Deepening Economic Integration,” the potential of North African and Sub-Saharan African countries to develop their export capabilities in the energy sector. In his speech during a high-level seminar organized by the Bank of Algeria, in cooperation with the International Monetary Fund, yesterday Thursday in Algiers, dedicated to the topic of regional integration, the minister stated that “Africa needs a significant increase in its energy production to meet domestic demand and provide capacities aimed at export, whether related to electricity, gas, or renewable energies.” Read the full content on الشروق أونلاين T...

The European Union announced the exemption of Algerian liquefied gas from the auditing program that EU countries decided to implement on gas shipments coming to European countries. The EU aims through this decision to gradually eliminate imports of Russian gas by late 2027, by requiring international suppliers - except for Algeria, Qatar, and the United States - to disclose the source of gas shipments five days before their arrival at European ports, according to what was revealed by the 'Energy' platform. View the full content on الشروق أونلاين.

The Italian Minister of Environment and Energy Security, Gilberto Pichetto Fratin, emphasized the significant importance of the Trans-Saharan gas pipeline project between Nigeria and Algeria, describing it as a strategic project, not only for the two African countries but also for European markets. In a speech at the opening of the conference 'North Africa – Connecting Continents and Creating Opportunities', organized by the Bank of Algeria in collaboration with the International Monetary Fund, yesterday Thursday in Algiers, the Italian minister highlighted the deep-rooted Algerian-Italian relations in the fields of political, institutional, and industrial cooperation, based on a relationship of trust between governments and companies. Read the full content on Echourouk...

Algeria - Participants in a high-level seminar organized by the Bank of Algeria in collaboration with the International Monetary Fund, held on Thursday in Algiers, dedicated to regional integration, affirmed that North Africa is called to strengthen its role as a pivotal energy hub between Europe and Sub-Saharan Africa.

Mourad Adjail, Minister of Energy and Renewable Energies, proposed organizing a meeting in Algeria regarding the 'Southern Hydrogen Corridor' project. The project focuses on transporting green hydrogen from Algeria to Europe. In his meeting with Italian Minister of Environment and Energy Security Gilberto Pichetto Fratin, Adjail suggested gathering the countries involved in the project (Italy, Germany, Austria, and Tunisia). According to a statement from the ministry, Adjail emphasized the need to accelerate the pace of completing the Southern Hydrogen Corridor facility.

In a speech by the Italian Minister of Environment and Energy Security during the high-level conference held yesterday in the capital.

Participants in a high-level seminar organized by the Bank of Algeria in cooperation with the International Monetary Fund, held yesterday Thursday in Algiers, dedicated to regional integration, confirmed that North Africa is called to enhance its role as a pivotal energy hub between Europe and Sub-Saharan Africa. The speakers highlighted the region's potential to provide 'reliable and sustainable' energy solutions for European and African markets, calling for the acceleration of regional connectivity projects and infrastructure, particularly the Trans-Saharan gas pipeline and the SouthH2 Corridor for hydrogen transport.

Oil prices rose by more than 1 percent during trading on Friday, recovering part of the losses incurred during the last session, amid anticipation of the potential geopolitical developments' impact on global supplies. The price of North Sea Brent crude for April delivery increased by 1.11 percent, reaching $68.29 per barrel by 06:45 GMT. Meanwhile, the price of West Texas Intermediate crude for March delivery rose by 1.22 percent, reaching $64.05 per barrel.

Algeria - The Secretary General of the Ministry of Energy and Mines, Miloud Maghled, continued his participation in the ninth edition of the Nigeria International Energy Conference and Exhibition (NIES 2026), where he attended a working meeting dedicated to following up on the activation and launch of the African Energy Bank, according to a statement from the ministry today, Thursday.

Algeria - Mourad Ajal, Minister of Energy and Renewable Energies, received today, Thursday in Algiers, the Italian Minister of Environment and Energy Security, Gilberto Pichetto Fratin, as part of his visit and the accompanying delegation to Algeria, to participate in the high-level seminar organized by the Bank of Algeria and the International Monetary Fund, titled: 'North Africa: Connecting Continents and Enhancing Opportunities.'