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Signing of the contract to commence the second phase of the development of the Hassi Bir Rakaiz field

Signing of the contract to commence the second phase of the development of the Hassi Bir Rakaiz field

On Tuesday, May 5, the contract to commence the second phase of the Hassi Bir Rakaiz field development project was signed, along with a memorandum of understanding to frame discussions on contracts for the marketing of crude oil and petroleum products. According to the Ministry of Energy, the ceremony was presided over by the Minister of State, Minister of Energy, Mohamed Arkab, and the Minister of Petroleum and Mineral Resources of the Arab Republic of Egypt, Karim Ibrahim Ali Badawi, at the headquarters of the General Directorate of SONATRACH. View the full content on Echourouk Online.

May 5, 2026echoroukonline.com
Algerian GDP First in the Maghreb by 2026

Algerian GDP First in the Maghreb by 2026

The International Monetary Fund predicts that Algeria will achieve a Gross Domestic Product estimated at $317.17 billion in 2026. The latest forecasts from the International Monetary Fund have placed Algeria...

May 5, 2026echaab.dz
Business visit of the Egyptian Minister of Petroleum and Mineral Resources to Algeria to enhance energy cooperation

Business visit of the Egyptian Minister of Petroleum and Mineral Resources to Algeria to enhance energy cooperation

As part of the bilateral cooperation relations between Algeria and the Arab Republic of Egypt, the Minister of Petroleum and Mineral Resources of the Arab Republic of Egypt, Karim Ibrahim Ali Badawi, is making a business visit to Algeria today, Tuesday, at the invitation of the Minister of State, Minister of Energy, Mohamed Arkab, leading a significant delegation that includes the CEO of the Egyptian General Petroleum Corporation (EGPC), Salah El-Din Abdel Karim, and the Chairman of the Board of Directors of Petrojet, Walid Lotfi, along with officials from the Egyptian Ministry of Petroleum and Mineral Resources.

May 5, 2026iqtissadalbalad.dz

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