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Oil prices: The rise confirms the effectiveness of “OPEC+” cautious policy
Experts in the energy sector have affirmed that the continuous rise in oil prices in the global markets in recent weeks, poised to reach $100, reflects the effectiveness of the cautious policy pursued by the “OPEC+” group amid increasing geopolitical tensions. In this context, energy expert Ahmed Tartar stated to the…
Aroukab Participates in Important Meeting on Oil Market
Today, Wednesday, Minister of Energy and Mines, Mohamed Aroukab, participated remotely via video conferencing in the 59th meeting of the Joint Ministerial Monitoring Committee (JMMC) of OPEC and non-OPEC. According to a statement from the Ministry of Energy, the ministers discussed the current situation of the global…
“President Tebboune’s strict directives contributed to market stability”
Today, Sunday, the Minister of Trade and Export Promotion, Taieb Zitouni, held an evaluative meeting with regional and provincial directors via remote video conferencing at the ministry’s headquarters. During the meeting, which focused on discussing market developments during the holy month of Ramadan and the Eid…
Oil Prices Decline Amid Surging US Crude Inventories
Oil prices closed lower by more than a dollar at the end of Wednesday’s trading session, influenced by an increase in US crude inventories. Brent crude futures fell $1.17, or 1.4%, to settle at $81.60, while West Texas Intermediate (WTI) crude futures dropped $1.23, or 1.6%, to $76.64 a barrel. The US Energy…
Trade Minister Warns Against Product Quantity Manipulation
In a firm stance against unethical business practices, Trade and Export Promotion Minister Taieb Zitouni warned producers against manipulating product quantities to gain higher profits. During an inspection tour in the city of Ouargla, Minister Zitouni highlighted a case where a producer reduced the quantity of a…
Representing Algeria, the Minister of Agriculture Participates in a UN Security Council Open Discussion in New York
The Minister of Agriculture and Rural Development, Youssef Chahed, is representing Algeria in a high-level open discussion of the United Nations Security Council on Tuesday, focusing on climate change and food insecurity. According to a statement from the ministry, this discussion provides an “opportunity for Council…
Algeria Aims to Remain the Leading Natural Gas Supplier in the Mediterranean and Africa
Algeria, through its national oil company Sonatrach, is determined to maintain its status as the leading supplier of natural gas in the Mediterranean and African regions. Youssef Khanfar, the central director of new resources at Sonatrach, emphasized this commitment in a statement to the national radio on Monday. He…
Algerian Industry Minister Announces 2024 as the Year of Accountability for Managers
Ali Aoun, the Algerian Minister of Industry and Pharmaceutical Production, has declared 2024 as a pivotal year for the accountability of managers, urging them to double their efforts in revitalizing the sector’s enterprises. During his speech in Djelfa province on Tuesday evening, Aoun highlighted the management…
Major General Abdelhafid Bakhouch, the Director-General of Customs
Major General Abdelhafid Bakhouch, the Director-General of Customs, stated that customs, through the implementation of reforms, particularly a management system enhancing control mechanisms, aims to improve the investment climate. During his speech at the celebration of World Customs Day held at the Army Hotel in Beni…
Algeria ranks second in Africa in terms of startups
Algerian Minister of Higher Education and Scientific Research, Kamel Boudari, said that all indicators show that the Algerian university is on the right track to be in stronger positions than it is now. In a press conference held today at the headquarters of the newspaper El Moudjahid, to review the sector’s strategy…
Algerian Petroleum Institute and Mauritania’s Oil Company Forge Framework Agreement
In a significant development for energy cooperation in North Africa, Sonatrach‘s Algerian Petroleum Institute and Mauritania’s Oil Company have signed a framework agreement focused on training, skill development, and expertise sharing. This agreement marks the culmination of detailed discussions between the two…
Public Bank Offers Financing Up to 90%
Kenza Larbas, the Marketing and Communication Director at the Agricultural and Rural Development Bank (BADR), has announced the issuance of a license for marketing new products by the Bank of Algeria. According to statements by Larbas reported by the Algerian News Agency, this move follows BADR Bank’s receipt of…
Algeria Post Issues Important Notice on Replacing Lost “Gold Cards”
Algeria Post, in a significant announcement made today, Saturday, has informed its customers about the procedure for replacing a lost “Gold Card.” In the event of misplacing this card, customers can easily request a replacement through the “Baridi Mob” application by following the necessary steps. The statement from…
Sonelgaz Reduces Subsidiary Companies to 11 in Major Restructuring Move
During a board meeting held on Wednesday, Sonelgaz, the Algerian national electricity and gas company, decided to consolidate several of its subsidiaries. The move includes the merger of Electricity of Algeria into Sonelgaz – Electricity Production, Shams Company into Sonelgaz – Renewable Energies, and the Security…
Sonatrach and Exxon Mobil to Sign Agreement in the Coming Days
Mohamed Arkab, Minister of Energy and Mines, welcomed a delegation from the American oil and gas company Exxon Mobil, led by John Ardell, Vice President of Exxon Mobil for Exploration and Research, on Tuesday. The Ministry of Energy issued a statement announcing that this meeting, which included the CEO of Sonatrach…
CNAS Encourages Wage Earners to Declare Annual Wages Online
The National Fund for Social Security (CNAS) has issued a call to wage earners, urging them to declare their annual wages for the year 2023 through the internet. According to a statement from the Fund, this declaration can be made via the “Remote Declaration” digital portal, accessible on the Fund’s official website…
Algerian Government Committed to Empowering Youth Potential in All Fields
The Algerian Government, represented by the Minister of Energy and Mines, Mohamed Arkab, has reaffirmed its dedication to creating the necessary conditions for the youth to fully express their potential across various domains. Emphasizing the significance of education, culture, and training, Arkab highlighted these as…
Sokon Official Launch Date in Algeria Announced
The official Algerian representative for the Asian vehicle company Sokon has announced the official opening date for its brand in Algeria ,Sokon Official Launch in Algeria, According to Sokon Algeria’s official Facebook page, Saturday, December 30th will mark the official launch, showcasing their latest models of…
Algerian External Bank to Provide Islamic Financing for Car Purchases
The Algerian External Bank is set to soon launch a new Islamic banking product aimed at financing various types of enterprises. This initiative is part of a developmental plan that includes the introduction of innovative Islamic financial products for both institutions and individuals in the upcoming year 2024. These…
Sonatrach Allocates $50 Billion for Investment in the Next Five Years
Sonatrach, Algeria‘s leading energy company, has announced a significant investment of $50 billion for the period 2024-2028. Out of this amount, $36 billion is earmarked primarily for exploration and production activities. During an event commemorating the 60th anniversary of Sonatrach, the CEO, Rachid Hachichi…
