ALGIERS-Sonatrach group intends to reduce by 50% its budget in 2020 and postpone non-urgent projects following the impact of the new coronavirus (Covid 19) on oil markets, said CEO Toufik Hakkar in an interview with “El-Khabar” daily released Sunday.
ALGIERS- Algeria's trade exchanges, carried out within the framework of free trade agreements with the European Union (EU), Tunisia and Jordan, experienced a decline in 2019, while those carried out with the Greater Arab Free Trade Area (GAFTA) recorded a slight improvement, according to Customs statistics.
ALGIERS- The fire that broke out at the oil well MD244 in Hassi Messaoud, Ouargla (800-km southeast of Algiers), is completely contained, state-owned oil and gas group Sonatrach said Friday in a statement, adding that no loss of life has been reported.
ALGIERS- Algeria's food import bill stood at USD625.84 million in January 2020 from USD737.66 million in the same period last year, a drop by USD111.82 million, (-15.16%), the general management of the Customs told APS.
ALGIERS- Units of the National Gendarmerie, in the last 24 hours, handled 153 cases and arrested 160 individuals for speculation and fraud in widely consumed foodstuffs, said Tuesday a communiqué of the National Gendarmerie Command.
ALGIERS- A minor incident, with no human loss, was caused Tuesday by a gas injection well leak in Hassi Messaoud, Ouargla (800-km southeast of Algiers), a situation that was quickly brought under control, state-owned oil and gas company Sonatrach said in a statement.
ALGIERS- Minister of Trade Kamel Rezig, while installing a crisis committee, on Tuesday, to monitor the supply of the national market in this special situation marked by the spread of coronavirus (Covid-19), the ministry said in a statement.