Latest updates from the Algerian business ecosystem
Algeria - The SONATRACH group announced that an accident occurred today, Thursday, at 2:30 AM, at the Arzew refinery (Oran Province), with no injuries or human losses reported, confirming that the situation is fully under control.
Crude oil prices rose by nearly five percent at settlement on Wednesday. Brent crude futures increased by $3.86 or 5.2 percent to $78.02 per barrel at settlement, the highest level since June 19.
SONATRACH announced that an incident occurred today, Thursday, at 2:30 AM, at the Arzew refinery (Oran Province), with no injuries or human losses reported, confirming that the situation is fully under control. The incident specifically took place at the 5-liter filling unit 3900 at the refinery located in the Arzew industrial zone, according to the public group in a statement indicating that 'all necessary measures have been taken to determine the causes of this incident.'
The Governor of Tarf Province, Mr. Mohamed Meziane, along with the CEO of the Dairy Group, Ms. Samah Lahlouch, oversaw the revival and commissioning of the 'Aqua Riguia' unit for the production and bottling of spring water and natural mineral water. This public economic company aims to drive developmental and economic momentum in the region.
Oil prices rose on Thursday amid escalating geopolitical tensions following the United States' execution of new strikes targeting sites inside Iran, raising market concerns about the stability of global energy supplies and the security of navigation in the Strait of Hormuz. Brent crude futures recorded an increase of 88 cents, equivalent to 1.13 percent, reaching $78.90 per barrel, while futures contracts...
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Algeria - The Minister of Foreign Trade and Export Promotion, Kamal Rzig, received today, Wednesday, in Algiers, the CEO of Huawei Algeria, Tony Tony Shi, where they discussed ways to enhance cooperation in the field of digital transformation and the development of digital services related to foreign trade, according to a statement from the ministry.
Algeria - The Minister of Foreign Trade and Export Promotion, Kamal Rziq, received today, Wednesday, in Algiers, the CEO of Huawei Algeria, Tony Tony Shi, where they discussed ways to enhance cooperation in the field of digital transformation and the development of digital services related to foreign trade, according to a statement from the ministry.
In a move aimed at simplifying administrative procedures and accelerating the realization of investment projects.
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