Import/export, trade agreements, customs, and international commerce
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Algeria - 'Pharma Invest', a company specialized in drug production, has signed a partnership and cooperation agreement with the Chinese operator 'Yangtze River Pharmaceutical Group' to enhance cooperation between the two sides, according to a statement from the Ministry of Pharmaceutical Industry issued today, Thursday.
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Oil prices rose at settlement yesterday, Wednesday. Brent crude futures increased by 37 cents or 0.35% to reach $106.06 per barrel at settlement. West Texas Intermediate crude contracts rose by 95 cents or 1.01% to reach $95.09 per barrel.
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Decree 26-327 establishes a permanent committee at the Ministry of Foreign Trade to review import requests
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The Algerian Saharan blend recorded an average price of $118.49 per barrel during September 2026, an increase of 26% compared to August, ranking first among the most expensive crude oils listed in the basket of the Organization of the Petroleum Exporting Countries (OPEC), according to the organization's monthly report. The Algerian crude surpassed Libyan Esider crude, which averaged $117.49 per barrel, and Emirati Murban crude at $115.39, while Saudi Arabian light crude recorded $109.02 per barrel. View the full content on Echourouk Online.
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It is believed that the Algerian Professional Office of Cereals purchased between 660,000 and 720,000 tons of milling wheat in an international tender that closed on Tuesday, at prices ranging from $326 to $326.50 per ton, including cost and freight, according to updated information reported by Reuters on Wednesday from European traders. This quantity exceeds initial estimates released on Tuesday evening, when traders anticipated Algeria would purchase around 600,000 tons, while the announced quantities and prices remain estimates subject to update as additional information comes from the market. View the full content on Echourouk Online.
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The Minister, the High Commissioner for Digitalization, Meryem Ben Mouloud, received in Algiers the Chairman of the Russian-Algerian Business Council, Mr. Ahmed Azimov, and his accompanying delegation at his request, according to a statement from the commissioner on Wednesday.
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Algeria - A permanent committee has been established under the Minister of Foreign Trade and Export Promotion, tasked with monitoring and processing import requests, in accordance with executive decree 26/327 issued in the latest issue of the official journal.
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A permanent committee has been established under the Minister of Foreign Trade and Export Promotion, tasked with monitoring and processing import requests, pursuant to executive decree 26/327 issued in the latest issue of the official gazette. The committee, chaired by the minister responsible for foreign trade or his representative, consists of the Minister of Finance or his representative, the Governor of the Bank of Algeria or his representative, the President of the Professional Association of Banks and Financial Institutions or his representative, and the President of the Algerian Economic Renewal Council or his representative, according to the executive decree signed by the Prime Minister Mr. Saifi Ghrib.
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Oil prices rose this Wednesday, as traders assessed supply risks linked to instability in the region, alongside prospects of increased Russian diesel exports. Brent crude futures climbed 0.8% to $106.58 per barrel, while West Texas Intermediate crude rose 0.9% to $94.94, by 00:30 GMT.
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The 6th session of the Algerian-Senegalese Joint Commission was held in Algiers under the co-chairmanship of Ahmed Attaf and Cheikh Niang.
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AL24 News - From Niger to Chad.. SONELGAZ Leads Algerian Companies to Enter African Electricity Markets - News
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