
Results of the Algerian Agency for Investment Promotion
From October 2022 until the end of last March.
Latest updates from the Algerian business ecosystem

From October 2022 until the end of last March.

The decision came during the OPEC+ meetings and the JMMC meeting.

Both the Hydrocarbons Regulatory Authority and the Organization of African Petroleum Producing Countries discussed launching an initiative to establish a forum for regulatory bodies in the hydrocarbons sector on the continent.

The holding company for food industries "Agrodiv" plans to launch new production units and restart others that fall under recovered assets during the current year.

The Algerian Agency for Investment Promotion recorded more than 21,000 investment projects as of March 31, according to the agency's director general, Omar Rekach, who highlighted the progress in the pace of projects entering the actual implementation phase.

Iran and Oman held a meeting at the level of foreign ministries today, Sunday, to discuss possible options to ensure smooth passage in the Strait of Hormuz.

The OPEC+ alliance approved today, Sunday, an increase in oil production by 206,000 barrels per day during the upcoming month of May.

Algeria - The Regulatory Authority for Hydrocarbons and the Organization of African Petroleum Producing Countries discussed launching an initiative to establish a forum for regulatory bodies in the hydrocarbons sector on the continent, according to a statement from the authority today, Sunday.

Both the Hydrocarbons Regulatory Authority and the Organization of African Petroleum Producing Countries discussed launching an initiative to establish a forum for regulatory bodies in the hydrocarbons sector on the continent, according to a statement from the authority this Sunday. This came during a meeting where the President of the Hydrocarbons Regulatory Authority, Amin Ramini, received the Secretary General of the Organization of African Petroleum Producing Countries, Farid Ghazali, in early April, where they addressed topics of mutual interest, particularly the authority's tasks and expertise in regulating and monitoring hydrocarbon activities, according to the same source.

The holding company for food industries 'Agrodiv' plans to launch new production units and restart others that fall under the assets recovered by the state this year, as part of its efforts to develop its production capacities and enhance its contribution to the national economy.

The Algerian Agency for Investment Promotion recorded over 21,000 investment projects by March 31, according to the agency's director general, Omar Rekach, who highlighted progress in the pace of projects entering the actual implementation phase. Mr. Rekach explained, during his appearance on Algerian television, that these projects registered since November 1, 2022, when the agency began its activities, are distributed between local and foreign projects and projects in partnership with foreigners.

Algeria and seven other countries in the OPEC+ alliance decided this Sunday to voluntarily increase their production by 206,000 barrels per day in May, reaffirming their commitment to continue close coordination among themselves, according to a statement from the Ministry of Energy and Mines. This decision came during a coordinating meeting held via video conferencing, attended by Algeria and seven other countries in the OPEC+ alliance involved in voluntary cuts, namely Saudi Arabia, the UAE, Iraq, Kazakhstan, Kuwait, Oman, and Russia.
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