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The Strait of Hormuz Could Trigger a Global Energy Crisis This Summer

The Strait of Hormuz Could Trigger a Global Energy Crisis This Summer

Warnings and concerns are rising about the implications of closing the Strait of Hormuz on energy supplies during peak demand in the summer, amid a rapid depletion of global oil stocks since the start of the war on Iran on February 28. Officials from the International Monetary Fund, the World Bank, and the International Energy Agency have warned of a potential global energy crisis during the summer months if supplies do not return...

May 31, 2026al24news.dz
Algeria and Congo Sign Comprehensive Cooperation Agreement in the Field of Hydrocarbons

Algeria and Congo Sign Comprehensive Cooperation Agreement in the Field of Hydrocarbons

Algeria and the Democratic Republic of the Congo signed a cooperation agreement in the field of hydrocarbons aimed at developing bilateral relations across various segments of the value chain in this sector, as part of enhancing the partnership between the two countries and expanding areas of energy cooperation. The agreement was signed yesterday, Saturday, at the Ministry of Energy, Mines, and Renewable Energies by the Minister of State, Minister of Energy, Mines, and Renewable Energies, Mohamed Arkab, and her counterpart from the Democratic Republic of the Congo, Akasia Bandopola Ambongo, in the presence of the Ambassador of the Democratic Republic of the Congo to Algeria, the CEO of SONATRACH, Nourredine Daoudi, and the head of the National Agency for the Valorization of Hydrocarbon Resources, Samir ...

May 31, 2026echoroukonline.com
Tizi Ouzou expects to harvest more than 5800 quintals of cork in 2026

Tizi Ouzou expects to harvest more than 5800 quintals of cork in 2026

The Forestry Directorate of Tizi Ouzou province expects to harvest about 5821 quintals of cork in 2026, a significant increase compared to the last season which recorded a production of 4029 quintals, as part of the return to the 'organized quotas' system aimed at stabilizing annual production at around 5000 quintals. Hamid Qoussem, the cork file manager at the Forestry Directorate, stated to the Algerian News Agency that the anticipated harvesting process, set to begin in the coming days, will cover 20 forest districts distributed across 12 forests in the province, with the regional rural engineering company 'Djurdjura' responsible for executing the operation, including employing seasonal labor, while harvesting workshops will be established after successful testing.

May 31, 2026echoroukonline.com
50 trillion cubic feet of gas and 3.5 billion barrels of oil in the joint fields between Algeria and Libya

50 trillion cubic feet of gas and 3.5 billion barrels of oil in the joint fields between Algeria and Libya

Data from the Oil and Gas Fields Encyclopedia on the specialized energy platform revealed that the joint fields between Algeria and Libya hold massive reserves of oil and gas within the Ghadames Basin, estimated at about 50 trillion cubic feet of natural gas and 3.5 billion barrels of oil, making the region one of the most important hydrocarbon basins in North Africa. According to the encyclopedia's data, the Algerian Rar field and the Libyan Wafa field top the list of joint fields between the two countries, as technical studies indicate that they form a single geological reservoir extending across the Algerian-Libyan border. Watch the full content on الشروق أونلاين

May 31, 2026echoroukonline.com

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