
Oil production in Iraq collapses by about 60% due to tanker disruptions - Iqtissad Al Balad
Economy Dz aliqtissad dz Algeria economy news
Import/export, trade agreements, customs, and international commerce

Economy Dz aliqtissad dz Algeria economy news

An Italian official stated that his country could turn to Algeria and other countries, including Australia and the United States, for additional quantities of liquefied natural gas amid the crisis following the war in the Middle East, but prices, according to him, will rise. Meanwhile, the company 'Snam', responsible for the internal gas network, revealed that Algeria guarantees 34 percent of the country's gas imports as the first supplier to Italy. In this context, Gianni Morano, president of the Italian Fuel Companies Association, stated in remarks recently reported by the ANSA agency, 'For Italy, the situation is critical regarding liquefied natural gas, and we import 9 billion cubic meters from Qatar, which is 50 percent of our LNG imports.'

The impact of the war in the Middle East is beginning to reflect on oil supplies, as the American-Israeli war on Iran, one week after its start, has disrupted oil and natural gas exports from the Middle East, forcing Qatar and Iraq to halt production, while Kuwait announced a reduction in production. It is expected that Saudi Arabia and the UAE will also have to reduce production soon as capacity runs out.

Economy Dz aliqtissad dz Algeria economy news

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Economy Dz aliqtissad dz Algeria's economy economic news

The Kenyan site Citizen Digital reported that Algeria is intensifying efforts to boost its livestock imports in preparation for Eid al-Adha, as part of a major government program aimed at importing one million heads of sheep to meet the increasing demand during the season. The Kenyan site reported that talks took place between Kenyan Agriculture Minister, Kagwe, and the Algerian ambassador to Kenya, Farid Wahid Dahman, following a visit by an Algerian technical delegation last week to assess the Kenyan livestock sector and its ability to meet the needs of the Algerian market. Read the full content on Echourouk Online.

The economy of Algeria aliqtissad dz Algeria's economy news

Algeria ranked second among natural gas suppliers to Spain in January 2026, with a share of 29.4% of total supplies, through the Medgaz pipeline, according to data from the Spanish Central Strategic Oil Reserves (CORE). According to the same source, the United States topped the list of gas suppliers to the Spanish market with a share of 44.5% of total supplies, after LNG shipments from there rose to 15.284 GWh, marking a strong annual increase of 46.2%. Russia came in third with a share of 12.7% of total gas imports during the same period. View the full content on Echourouk Online.

Italy is considering boosting its gas imports via pipeline from Algeria as it seeks alternatives to compensate for five shipments of Qatari liquefied natural gas that were disrupted due to tensions related to Iran in the Middle East, according to a report by Business Insider Africa. The report states that QatarEnergy declared force majeure and informed the Italian utility company Edison that it could not deliver five shipments of liquefied natural gas that were scheduled to arrive at the beginning of April, prompting Italian authorities to act quickly to seek alternative supply sources. Read the full content on Echourouk Online.

Recently, the wharf center number 07 at the Port of Annaba witnessed the loading of an estimated quantity of 15,575 tons of concrete reinforcement steel aboard the ship “NASSAUBORG”, as part of an export operation for the benefit of the Algerian Qatari Steel Company (AQS) directed towards Lithuania, within the efforts aimed at enhancing exports outside the hydrocarbon sector. This operation falls within the context of implementing the instructions of the Minister of Interior, Local Communities, and Transport, Saïd Sayoud, aimed at increasing the activity level of national ports and supporting economic operators active in the field of exports outside the hydrocarbon sector. Read the full content on Echourouk Online.

The President, Mr. Abdelmadjid Tebboune, during a Council of Ministers meeting he chaired today, Sunday, issued directives to double the laboratories for monitoring imported products at all ports and airports. According to a statement from the Council of Ministers, the President, after listening to a presentation on the national climate adaptation plan, directed 'to double the laboratories for monitoring imported products at all ports and airports in coordination with the Ministries of Interior, Foreign Trade, Environment, and Transport.'