
Shipping 15,575 tons of rebar from Annaba to Lithuania
The port of Annaba and Gentilly record a record export movement of steel products to European markets.
Import/export, trade agreements, customs, and international commerce

The port of Annaba and Gentilly record a record export movement of steel products to European markets.

Seven days after the launch of Operation 'Epic Fury', energy markets have definitively shifted into a new logic

DZD economy aliqtissad dz Algeria economy news

Economy Dz aliqtissad dz Algeria economy news

Annaba - Recently, over 15,000 tons of concrete reinforcement steel were shipped at the port of Annaba as part of an export operation directed towards Lithuania, according to a statement issued today, Saturday, by the Annaba Port Authority.

The Kuwait Petroleum Corporation announced today, Saturday, the implementation of a precautionary cut in its oil production in light of Iranian attacks and threats in the Strait of Hormuz. The Kuwaiti corporation stated in a statement: “In light of the repeated and unlawful assaults by the Islamic Republic of Iran against the State of Kuwait, including Iranian threats against the safe passage of ships through the Strait of Hormuz, the corporation has implemented a cut …

The economy of Algeria aliqtissad dz Algeria economy news

Yesterday, Friday, Janjan Port witnessed the simultaneous loading of three ships for export, including products from the Algerian Qatari Steel Company, with a total cargo of 29,000 tons, reflecting the growing role of the port in supporting national exports outside the hydrocarbons sector. According to a statement from the port, the cargo of the ships was distributed as follows: MV SEREF KURU loaded 10,000 tons of iron plates, while MV LADY EVA loaded 5,000 tons of steel wire coils, and MV GREENWAY II carried 14,000 tons of rebar.

The State Security Service in Azerbaijan announced today, Saturday, that it has thwarted sabotage activities targeting a major oil pipeline (Baku-Tbilisi-Ceyhan) that runs through the South Caucasus to Turkey, transporting oil to Europe and ensuring one-third of Israel's imports. Targeting this pipeline leads to another increase in global energy prices. Oil prices have risen by about 30% since the beginning...

Heavy crude oil prices on the American Gulf Coast continued to rise, reaching their highest levels since April 2020, due to the war on Iran which led to production cuts from several oil producers in the Middle East, prompting buyers to heavily turn to American oil. According to trading data, Brent crude stabilized at $92.99 per barrel this Saturday at 11:00 GMT, the highest level since October 2023, with the ongoing impact of the effective closure of the Strait of Hormuz forcing countries like Iraq to cut production, in addition to the additional production cuts announced by Kuwait, contributing to the strengthening of American sour oil prices. شاهد المحتوى كام...

Continued disruptions in the Strait of Hormuz for several months could lead to oil losses ranging from 315 million barrels to 1.38 billion barrels, and an increase in Brent crude prices to levels exceeding $100 per barrel, with liquefied natural gas prices in Europe rising to around €65 per megawatt-hour in the worst-case scenario. The strait controls the passage of about 25% of global maritime oil trade and 20% of liquefied natural gas trade, making markets vulnerable to sharp fluctuations if the disruption continues. Read the full content on Echourouk Online.

Algeria will host a coordination meeting in the coming months that includes representatives from 5 countries involved in the Southern Hydrogen Corridor project, namely Algeria, Tunisia, Italy, Austria, and Germany, to discuss the mechanisms for implementing this project aimed at transporting green hydrogen produced in Algeria to Europe. Khalil Hedna, Director of Information and Communication at the Ministry of Energy and Renewable Energies, stated in an interview with Algerian radio that this meeting, organized by the Ministry of Energy in Algeria, will bring together various participating parties to coordinate on the practical steps for completing this project, which aims to enhance the energy transition in the region and develop clean energy exports. Watch...