Import/export, trade agreements, customs, and international commerce
During the months of April, May, and June, the Medgaz pipeline directly linking Algeria to Spain was filled to 100% of its capacity, that is, 10 billion cubic meters annually. Algerian natural gas exports to this country increased by 24% during this period.
The Ministry of Foreign Trade and Export Promotion announced the granting of additional deadlines to operators active in the field of resale imports. This is for the purpose of completing bank localization procedures and fulfilling various procedures related to import operations. This came in a statement issued by Kamal Rezig's services today, Wednesday. The ministry noted the extension of the validity period of the estimated program visa directed towards the bank localization process from 45 days to ninety days.
Oil prices recorded a slight increase today, Wednesday, after a 10 percent decline since the beginning of the week, amid market anticipation of geopolitical developments in the Middle East. In early morning trading, the price of Brent crude for October delivery rose by 1.34 percent to $80.42 per barrel. Meanwhile, its American counterpart, West Texas Intermediate crude for September delivery, increased by 0.70 percent to $76.30 per barrel.
The Minister of Mines and Mining Industries, Mourad Hanifi, received in Algiers the Ambassador of the Republic of Namibia to Algeria, Samuel Kaveto Mbambo, with both parties discussing prospects for strengthening bilateral cooperation, particularly in the field of resource valorization and training, a statement from the ministry indicated on Monday, as reported by APS.
Algeria - The Minister of Mines and Mining Industry, Mourad Hanifi, received today, Monday, in Algiers, the Ambassador of the Republic of Namibia to Algeria, Samuel Kavito Mbambo, where they discussed the prospects of enhancing bilateral cooperation, particularly in the field of resource valuation and training, according to a statement from the ministry.
After completing the installation, preparation, and technical adjustment operations.
Algeria, which depends on the international market in several areas, pays a very high import bill. However, it can quickly reverse the trend. According to the Algerian Agency for Investment Promotion (AAPI), the solution is to produce locally, our consumption needs and those of the national economy. A study published yesterday by the Agency indicates that the import bill can be reduced by 95%, equivalent to 36.87 billion dollars.
In his monthly review of the energy and oil market in Algeria, Mariano López Dormal, director of Técnicas Reunidas in Algeria, presents the report of a particularly busy July for the Algerian energy sector. According to his analysis, the country confirms month after month its growing strategic importance in regional and international markets. A series of developments that confirm Algeria's role as a pillar of European energy security, at a time when instability in international markets is reshuffling the cards.
Bilateral trade between Algeria and the United Kingdom reaches a new strategic milestone, confirming the renewed vitality of the national economy on the international stage. According to the latest official data published at the end of July 2026 by the UK Department for Business and Trade (DBT), the total volume of bilateral exchanges reached £2.8 billion over a period of four consecutive quarters ending in the first quarter of 2026, representing a growth of 14.7%, equivalent to a net gain of £363 million compared to the same period...
Oil prices fell during trading on Monday, affected by the prevailing wait-and-see attitude in the markets amid rapid geopolitical developments in the Middle East. October Brent crude futures dropped by 4.6 percent to settle at $83.89 per barrel. West Texas Intermediate crude for September delivery also fell by 5.7 percent, reaching $79.95 per barrel.
Oil prices fell today, Monday, amid market reactions to developments in the geopolitical situation in the Middle East. The price of Brent crude, delivery
Algeria - The Minister of Foreign Trade and Export Promotion, Kamel Rzig, today, Sunday, in Algiers, oversaw a workshop dedicated to presenting and explaining the mechanisms for using the new digital platform aimed at managing and monitoring service import operations, as part of the public authorities' efforts to digitize administrative procedures and enhance transparency in the field of foreign trade, according to a statement from the ministry.