
Oil prices decline after ceasefire agreement in Lebanon - Iqtissad Al Balad
Oil prices fell by about 1% during trading on Thursday, June 4, 2026, as hopes grew for a broader agreement to end tensions in the Middle East.
Latest updates from the Algerian business ecosystem

Oil prices fell by about 1% during trading on Thursday, June 4, 2026, as hopes grew for a broader agreement to end tensions in the Middle East.

As part of the follow-up and examination of various files related to the activity and management of the sector, the Minister of Energy and Renewable Energies, Dr. Mourad Ajjal, chaired today, Thursday, the work of the Sectoral Coordination Committee meeting, which was dedicated to studying and following up on a number of priority files, particularly:

Illizi - The Electricity and Gas Distribution Directorate 'Sonelgaz' in Illizi has mobilized all its human and material resources for rapid intervention following the weather fluctuations and some floods that the province recently experienced, in order to address the damages affecting the electrical network and ensure the continuity of power supply to citizens. All maintenance operations were successfully completed in a short time, according to a statement from the company issued today, Thursday.

Adrar - The official launch of the works for the construction of the Algerian section of the Trans-Saharan gas pipeline will take place today, Thursday, in the state of Adrar, marking the transition to the operational and implementation phases of this strategic energy project in the African continent.

Today, Thursday, the official launch of the construction of the Algerian section of the Trans-Saharan Gas Pipeline project will take place in Adrar, marking the transition to the practical and implementation phases of this strategic energy project in the African continent.

On Thursday, Minister of Public Works and Infrastructure Abdelkader Jalawi conducted an inspection visit to assess the progress of the Eastern Mining Line project in Souk Ahras, according to a statement from the ministry. The statement added that the minister observed 'the pace of progress of the construction of bridge number 19, which extends over a length of 249 meters, where he received detailed explanations from those in charge of the project regarding the various techniques used in the construction as well as the recorded progress rates, in addition to the measures taken to accelerate the pace.

Energy expert, Mustapha Moukeidch, stated that the approval of the updated final report for the feasibility study of the Trans-Saharan Gas Pipeline project is a new step paving the way for the transition to the practical implementation phase of this strategic project. This pipeline is viewed as one of the largest energy infrastructure projects in Africa, given its anticipated role in enhancing regional energy security and opening new avenues for economic cooperation among the continent's countries, as well as supporting gas exports to global markets.

The Algerian Prime Minister, Aïmene Benabderrahmane, stated in a statement following his reception by the President of the Republic of Niger, Mr. Abdourahamane Tiani, in Niamey on June 3, 2026, the depth of bilateral relations between Algeria and Niger, and the rising dynamics it is witnessing in various fields. The Prime Minister expressed his honor in meeting the Nigerien president, conveying the greetings of Algerian President Abdelmadjid Tebboune, and confirming his special interest in enhancing bilateral relations and promoting political dialogue between the two brotherly countries. Aïmene Benabderrahmane pointed out that he informed the Nigerien president about the progress of the joint supervision alongside his Nigerien counterpart for the inauguration of a 40-megawatt power plant, which is the project that laid its foundation stone...

Outcomes of the fifth ministerial meeting of the steering committee for the project.

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