Oil, gas, petrochemicals, Sonatrach, and energy sector developments
The OPEC+ alliance is set to approve an increase in oil production for the fourth consecutive time since the outbreak of the war on Iran at the end of February. Reuters reported from three sources within the OPEC+ alliance that the bloc is moving towards approving the fourth increase in oil production targets over four consecutive months, against the backdrop of a reduction...
Algerian liquefied natural gas strengthened its presence in the European market in May 2026, after Algeria exported a rare shipment to the Netherlands with a quantity of 68,000 tons. This is a notable indicator of Algeria's export resilience and its ability to seize new opportunities in a highly competitive European market, which continues to seek nearby and reliable supplies amid global energy market disruptions and increasing sensitivity to maritime supplies.
Seven countries from the OPEC+ group, including Algeria, agreed today, Sunday, to a collective increase in oil production of 188,000 barrels per day starting from next July, according to a statement from the Ministry of Energy. The agreement came during a meeting of the seven countries as part of the OPEC+ cooperation announcement, which implements voluntary production adjustments (Algeria, Saudi Arabia, Iraq, Kazakhstan, Kuwait, Oman, and Russia), in which Algeria participated via video conferencing.
Agreement of seven countries including Algeria.
The Minister of State, Minister of Hydrocarbons, Mohamed Arqab, received this Sunday in Algiers the Executive Secretary of the African Refiners and Distributors Association 'ARDA', Anibor Kraga, to discuss ways to enhance cooperation between the hydrocarbon sector institutions and the association, according to a statement from the ministry.
A new reconfiguration of the global energy map is taking shape, notably with the effective launch of the Trans-Saharan Pipeline project (TSGP). Indeed, Algeria is resolutely moving towards strengthening its position as a reliable energy supplier while contributing to enhancing Europe's energy security. The article Les travaux du Gazoduc transsaharien lancés : Le corridor énergétique se met en place appeared first on ECOTIMES.
Algeria - The launch of work on the Algerian section of the Trans-Saharan Gas Pipeline project has attracted the attention of international media, which highlighted the strategic dimension of this major continental project.
Economy of Algeria news
Algeria - The 'Sonelgaz' group announced in a statement today, Saturday, the establishment of an exceptional program coinciding with the period of the Baccalaureate certificate exams (June 7-11), aimed at ensuring the continuity of electricity and gas supply across the national territory, especially at the examination centers.
Oil prices fell in the black gold market transactions yesterday, Friday, ending the trades down by more than 2%.
Algeria is moving to strengthen its position as a key hub for European energy security with the advancement of the Trans-Saharan gas pipeline project, which aims to transport up to 30 billion cubic meters of natural gas annually from Nigeria through Niger to Europe, at a time when the European Union is racing against time to end its reliance on Russian gas by 2027. The 'Business Insider Africa' website reported that the project grants Algeria a strategic role in the new energy equation for the European continent, benefiting from the extensive pipeline network and infrastructure the country possesses, led by the Hassi R'Mel center, one of the largest gas centers in Africa. View the full content on Echourouk Online.
Oil prices fell yesterday, Friday, ending trading down by more than 2% as traders' confidence grew that the likelihood of a new confrontation between the United States and Iran was diminishing.