Import/export, trade agreements, customs, and international commerce
The Ministry of Foreign Trade and Export Promotion, on Monday in a statement, provided clarifications regarding the requests for approval of the estimated import program, based on the official documents and data recorded through the digital platform, rejecting any 'misleading information' claiming to obstruct this program.
Oil prices jumped by more than 2 percent at the start of trading on Monday, as Brent crude returned above $90 a barrel.
Algerian exports of fertilizers and steel products are increasing, but hydrocarbons remain dominant
Algeria ranks third among LPG suppliers to India in August 2026, with over 110,000 tons exported.
The interim Venezuelan president, Delcy Rodríguez, stated that the energy agreement with the United States will remain in effect for 25 years, aiming to increase crude oil production to 1.5 million barrels per day and maintain the country's sovereignty over its natural resources. Rodríguez praised the agreement in a speech delivered late last night, describing it as a 'historic' agreement that will help revive the economy, increase government revenues, and shape the country's future. Rodríguez said on the state channel VTV, 'This bilateral project, which extends for 25 years, includes a vision for the development of 17 strategic oil fields with the aim of producing more than 1.5 million barrels per day.'
Mohamed Arkab and Ali Seibou Hassane strengthen cooperation between Algeria and Niger around the oil projects of Bilma and Kafra
Algeria benefits from the Hormuz Strait crisis with rising energy revenues. Analysis of the first half of 2026 performance.
The IGU analyzes the impact of the Strait of Hormuz crisis on the LNG market: soaring prices, surge in African exports
U.S. President Donald Trump announced an agreement with Venezuela that allows his country to control over 65 billion barrels of proven oil reserves in Venezuela. Trump wrote on Truth Social yesterday, 'At my direction, Secretary of State Marco Rubio and Secretary of Defense Pete Hegseth, in close cooperation with the esteemed interim President of Venezuela, Delcy Rodríguez, and through a partnership with private companies, have secured a controlling American majority over more than 65 billion barrels of proven oil reserves in Venezuela, at no cost to American taxpayers.' He did not provide additional details about the agreement. For her part, interim President of Venezuela, Delcy Rodríguez, welcomed...
SONATRACH and the Chinese Anton Group for oil field technology signed a memorandum of understanding today, Saturday, in Beijing (China), aimed at exploring cooperation opportunities in the oil and gas sector and related services, according to a statement from SONATRACH. The protocol was signed during a ceremony organized on the sidelines of the visit by the CEO of SONATRACH, Nourredine Daoudi, to China, accompanied by a high-level delegation.
The Professional Association of Banks and Financial Institutions sent a letter to the heads and general managers of banks, containing new clarifications regarding the import files for its own account, related to management and equipment, for the first half of 2026, based on a letter issued by the Ministry of Foreign Trade and Export Promotion dated August 26. The letter, numbered 606/2026, specifies the validity periods for the estimated import programs related to management, clarifying the cases in which bank settlement procedures can continue after the specified period for these programs has ended. According to the document reviewed by 'Echorouk', the validity of the estimated import programs for management for the first half...
Its exit may raise questions about the organization's ability to control oil prices.