
Algeria's Participation in the Meeting on the Activation of the African Energy Bank in Abuja - Iqtissad Al Balad
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Oil, gas, petrochemicals, Sonatrach, and energy sector developments

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The Secretary General of the Ministry of Energy and Mines, Miloud Majeld, participated on Monday in the works of the meeting concerning the activation of the African Energy Bank, held in the city.

The 15th edition of the Renewable Energies and Future Energies Salon and Sustainable Development has opened, with the participation of around 100 exhibitors, today Monday, at the Convention Center in Oran.

Oran - The 15th edition of the Renewable Energies and Future Energies and Sustainable Development Exhibition was inaugurated today, Monday, at the Oran Convention Center, with the participation of about 100 exhibitors.

Economy DZD aliqtissad dz Algeria economy news

The acting CEO of Sonelgaz, Mr. Rachid Abdessamad, confirmed that the group has accompanied the massive Gara Djebilet mining project since its inception by preparing the suitable ground for its implementation, particularly by removing and relocating the electricity network that was obstructing the railway line connecting Adrar, Beni Abbes, and Béchar, where approximately 80 kilometers of the electrical network were relocated, in addition to supplying all train stations and project construction workshops with electrical power.

Algeria participated this Sunday, via videoconference, in the ministerial meetings dedicated to the implementation of the mechanisms

Algeria - Algeria and seven other countries in the OPEC+ alliance confirmed today, Sunday, their decision made last November to suspend any increase in production levels until March 2026, in order to contribute to market stability for the benefit of producers and consumers, according to a statement from the Ministry of Energy and Mines.

Algeria participated today, Sunday, via videoconferencing, in the ministerial meetings dedicated to monitoring the implementation of the evaluation and follow-up mechanisms for the decisions of the participating countries in the cooperation declaration (OPEC+). The coordinating meeting included the eight countries involved in voluntary production adjustments, along with representatives from Saudi Arabia, the United Arab Emirates, Iraq, Kazakhstan, Kuwait, Oman, and Russia. At the end of […]

Member countries of the OPEC+ alliance confirmed today, Sunday, the decision made last November to suspend any increase in production levels until March 2026. Ministerial meetings dedicated to monitoring the implementation of evaluation and follow-up mechanisms for the decisions of the participating countries in the cooperation declaration (OPEC+) were held via remote video conferencing, with Algeria participating in the coordinating meeting.

The ministerial meetings dedicated to monitoring the implementation of the evaluation and follow-up mechanisms for the decisions of the participating countries in the OPEC+ cooperation declaration, held today, Sunday, February 1, confirmed the suspension of production increases until March 2026. According to the Ministry of Energy, Algeria participated in the coordinating meeting that included the eight countries involved in voluntary production adjustments, along with representatives from Saudi Arabia, the United Arab Emirates, Iraq, Kazakhstan, Kuwait, Oman, and Russia. View the full content on Echourouk Online.

The OPEC+ meeting today, Sunday, is likely to stabilize oil production by maintaining the suspension of production increase in March. According to Reuters, citing three delegates from OPEC+, it is likely that the alliance will keep the suspension of oil production increase in March when it meets later today, even after crude oil prices reached their highest levels in six months, nearing $72 per barrel, due to concerns that the United States may launch a military strike on Iran, a member of OPEC. The OPEC+ alliance (Saudi Arabia, Russia, the UAE, Kazakhstan, Kuwait, Iraq, Algeria, and Oman) raised production quotas by about 2.9 million barrels per day from...