
OPEC Fund Approves $1 Billion Joint Financing for African Countries - Iqtissad Al Balad
Economic downturn in Algeria, latest economic news
Oil, gas, petrochemicals, Sonatrach, and energy sector developments

Economic downturn in Algeria, latest economic news

Russia has delayed its plan to produce liquid natural gas until after 2030, according to Iqtissad Al Balad.

The General Assembly of Sonatrach approved today, Thursday, the annual budget of the group for 2026, as well as the medium-term development plan for the period 2026-2030, aimed at enhancing exploration and production activities, as well as developing the manufacturing industries, particularly refining and petrochemicals, to meet the needs of the national market and support export capabilities.

Minister of State, Minister of Energy and Mines of Algeria, Mohamed Arkab, chaired the ordinary general assembly of Sonatrach Algeria, attended by Minister of Finance Abdelkader Bouchareb, Governor of Bank of Algeria Salaheddine Tabib, and representative of the Algerian Presidency Fawzi Amrani, alongside the President of Sonatrach, Noureddine Daud, and members of the board of directors of the group, according to a statement by the Ministry. On this occasion, the general assembly approved the annual budget of Sonatrach for 2026, and adopted the medium-term development plan for the period 2026-2030, aimed at enhancing exploration and production activities, as well as developing the manufacturing industries, particularly refining and petrochemicals, ...

The Algerian Minister of State, Minister of Energy and Mines, Mohamed Arqab, chaired the ordinary general assembly of Sonatrach Algeria at the headquarters of the General Directorate of Sonatrach Algeria, in the presence of the Minister of Finance, Abdelkader Boulahrouz, Governor of the Bank of Algeria, Salaheddine Tabib, and the representative of the Algerian Presidency, Fawzi Amara, alongside the President of the General Directorate of Sonatrach, Noureddine Daoudi, and members of the Board of Directors of the Group, according to a statement by the Ministry.

Sonatrach held its ordinary general assembly on Thursday, December 25, under the chairmanship of the State Minister, Minister of Energy and Mines, Mohamed Arkab. According to a statement by the ministry, the general assembly of the company was held at the headquarters of the General Directorate of Sonatrach, in the presence of Minister of Finance Abdelkader Bouchareb, Governor of the Bank of Algeria Salaheddine Tabib, and Representative of the Presidency of the Republic Fouzi Amekrane, alongside the President of the General Management of Sonatrach, Noureddine Daud, and members of the company's board of directors. Watch the full content on El Watan Online

In 2025, Algeria will be recorded as a turning point in its economic history, a period where the nation not only grew but also decisively freed itself from its previous reliance on hydrocarbon revenues. With the Gross Domestic Product reaching approximately $288 billion according to the International Monetary Fund, the economy showed immense strength. This was not just a year of growth, but a year of fundamental restructuring towards a productive, diverse, and sovereign economic model. Watch the full content on El Watan Online The post By Numbers and Facts: How Algeria Rebuilt Its Economic Model in 2025 appeared first on El Watan Online.

Oil prices rose for the sixth consecutive day, supported by robust US economic growth and the risk of supply disruptions from Venezuela and Russia, even if prices were on track to experience their strongest annual decline since 2020. The crude oil price [...]

The General Assembly of Sonatrach approved the annual budget for the group for the year 2026, as well as adopted the medium-term development plan for the period 2026-2030, aimed at enhancing exploration and production activities, as well as developing the manufacturing industries, particularly refining and petrochemicals, to meet the needs of the domestic market and support export capacities, according to a statement by the Ministry of Energy and Mines today, Thursday.

A ministerial delegation visited the Béchar region on Tuesday to inquire about the progress of preparations

Crude oil futures contracts rose by 31 cents, or 0.5%, to settle at $62.38

Iraq has begun to export oil from its gas fields after achieving self-sufficiency in oil production, according to a report by Iqtissad Al Balad.