Import/export, trade agreements, customs, and international commerce
Algeria - Algeria and six other countries from the OPEC+ group decided today, Sunday, to raise their total production by 188,000 barrels per day starting from next September, while emphasizing the need for vigilance and continuous monitoring of developments in the global oil market.
The Minister of Foreign Trade and Export Promotion, Kamel Rezig, today oversaw a workshop dedicated to presenting and explaining the mechanisms for using the digital platform designated for managing and monitoring service import operations, today Sunday according to a statement from the ministry. Representatives from several national institutions active in various service sectors attended the workshop, along with representatives from the professional association of banks and financial institutions, as well as representatives from banks and insurance companies.
Algeria and six other countries from the OPEC+ group have decided to increase their total production by 188,000 barrels per day, starting from September.
The OPEC+ alliance is expected to approve a new increase in oil production today, Sunday. Reuters reported from sources that the OPEC+ alliance intends to approve an increase in production quotas by about 188,000 barrels per day starting from September, then suspend any additional increases in production, thereby completely canceling the voluntary reduction tranche. A delegate in OPEC+ and a source in the alliance mentioned that the group is likely to suspend production increases for the rest of the year after September, as the alliance engages in negotiations that may be difficult regarding new production quotas. The September increases would complete the gradual cancellation of a reduction tranche of 1.65 million barrels per day, originally agreed upon in ...
Continuing the ministry's efforts to digitize and simplify procedures related to service imports.
The Minister of Foreign Trade and Export Promotion, Kamal Rziq, today oversaw a workshop dedicated to presenting and explaining the mechanisms for using the digital platform designated for managing and monitoring service import operations, with the presence of representatives from several national institutions active in various service sectors, alongside representatives from the professional association of banks and financial institutions, as well as representatives from banks, insurance companies, and air and maritime transport companies, and various stakeholders involved in the process.
Algeria and six other countries from the OPEC+ group decided today, Sunday, to raise their total production by 188,000 barrels per day starting from next September, while emphasizing the need for vigilance and continuous monitoring of developments in the global oil market.
Cutting-edge robotics, clean energy, and connected health are among the new features unveiled in Algiers, ahead of the 140th edition scheduled from October 15 to November 4 in Guangzhou.
According to the latest figures from IATA, reported by the Ecofin agency, African air freight grew by 4.7% in June. A robust growth driven by the strategic Africa-Asia axis, which is reshaping the continent's logistics flows.
The first deal for the export of liquefied natural gas from Algeria to Germany has emerged among the largest Arab gas deals in July 2026, in a move that strengthens SONATRACH's position as a key supplier of liquefied natural gas and opens a new export route to the largest European economy, according to a monthly report published by the specialized energy platform. The report clarified that SONATRACH delivered the first shipment of liquefied natural gas to Germany via the floating regasification terminal 'Wilhelmshaven 1', after loading it from the gas liquefaction complex 'GL 2 Z' in Bethioua, and transporting it by the LNG carrier 'Tassala' owned by the Algerian company. Read the full content on Echourouk Online.
SONATRACH has raised the official selling prices of liquefied petroleum gas for August by between 19 and 23 percent, amid rising prices driven by increased demand in global markets, according to Reuters citing traders. The agency reported that SONATRACH raised the official selling price of propane by $100 per ton to reach $540 per ton, and raised the price of butane by $90 per ton to reach $570 per ton. Read the full content on Echourouk Online.
Oil prices rose by more than one percent at settlement yesterday, marking the largest monthly increase since March. Brent crude futures increased by $1.09, or 1.2 percent, to $90.12 per barrel. Meanwhile, West Texas Intermediate crude futures rose by $1.08 or 1.3 percent, to $84.67 per barrel. Brent recorded gains of 24 percent in July, while West Texas Intermediate gained 21 percent.