
Red meats: Algeria adds Mauritania to its list of sheep suppliers
In its race against time to secure its supply of sheep meat before the Aid El-Adha festival, Algeria
Import/export, trade agreements, customs, and international commerce

In its race against time to secure its supply of sheep meat before the Aid El-Adha festival, Algeria

The CEO of the Augusta refinery owned by SONATRACH in the Italian island of Sicily, Rosario Pistorio, revealed that the facility will supply the Algerian market with mazout in 2026, in addition to half a million tons annually of asphalt (bitumen) used in roads. He noted that SONATRACH has centralized all interests in Sicily with a unified command center, unlike the previous owner of the refinery (ExxonMobil) which had a fragmented structure for interests and services. The statements from the head of the Augusta refinery, who was reinstated a few days ago at the helm of the company, came through a video of a press interview conducted with him by the local news site

Energy geopolitics specialist and oil and gas sector expert, Francesco Sassi, predicts that the US-Israeli war on Iran will have significant implications for supply chains and oil markets. On Friday, February 27, the price of oil reached $73 per barrel, marking its highest level since July of last year, just before the US strike on Iran. Read the full content on Echourouk Online.

Economy Dz aliqtissad dz Algeria Economy News

Four trading sources told Reuters on Saturday that some major oil and trading companies have suspended shipments of crude oil and fuel through the Strait of Hormuz amid ongoing U.S. and Israeli attacks on Iran and Tehran's response. A senior executive at a trading company said, 'Our ships will remain in place for several days.' The United States and Israel launched a military attack on Iran today, …

The OPEC+ alliance is likely to consider a larger increase in oil production against the backdrop of ongoing developments in the Middle East and the military attacks by the United States and Israel on Iran, which responded with missile strikes, and the possibility that the situation may continue for days. Two sources familiar with the OPEC+ alliance talks told Reuters that the group may consider a larger increase in production...

Two sources familiar with OPEC+ coalition talks stated that the group may consider a larger increase in oil production, after Saudi Arabia and the UAE raised their exports in anticipation of any potential supply disruptions due to the U.S. and Israeli attack on Iran. Reuters reported that eight OPEC+ members, namely Algeria, Saudi Arabia, Russia, the UAE, Kazakhstan, Kuwait, Iraq, and Oman, are scheduled to meet tomorrow, Sunday, at 11:00 GMT to discuss production levels. Read the full content on Echourouk Online.

The European Union ambassador to Algiers, Diego Mellado, has displayed a clear ambition: to elevate the Euro-Algerian partnership.

Oil prices were on the rise yesterday, Friday. An increase justified by the negotiations between Iran and

DZD economy aliqtissad dz Algeria economy news

The number of import requests via the mini-importer, known as 'Kaba' trade, reached 7081 requests, according to data received by the Finance and Budget Committee from the Minister of Foreign Trade and Export Promotion, during the discussion of the budget settlement project for the year 2023. The committee also presented general recommendations in its preliminary report on the draft law, concerning the rationalization of public expenditures, enhancing revenue collection, and ensuring financial transparency, notably full compliance with Organic Law No. 18-15 to ensure the preparation of accurate performance indicators and the systematic and permanent addressing of previous imbalances. Two factories will open next year... and the first 'Iris' heavy-duty tire will be launched in April, according to what was included in the preliminary report of the budget settlement draft law.

DZD economy aliqtissad dz Algeria economy news