ALGIERS- The member countries of the OPEC/Non-OPEC Declaration of Cooperation (DoC) held Monday, a technical meeting via video link on the evolution of the oil market, the organization said.
ALGIERS- The minister of Energy and chairman of the OPEC Conference, Abdelmadjid Attar, said Tuesday in Algiers that OPEC is closely monitoring current oil market developments and stability, to take, with the participating countries of the Declaration of Cooperation, the appropriate and timely measures, without excluding the option of delaying production increase planned for the beginning of 2021, the ministry said in a statement.
ALGIERS- Minister of Energy, chairman of the OPEC Conference, Abdelmadjid Attar, will take part Thursday, September 17, in the 22nd meeting of the OPEC/non-OPEC Joint Ministerial Monitoring Committee (JMMC), to be held via videoconference, the ministry said in a statement.
ALGIERS- National hydrocarbon company Sonatrach inked Tuesday, in Algiers, several agreements with Algerian firms for the development of oil and gas fields.
ALGIERS- The price of Sahara Blend oil rose by $14.17 last June, reaching $40.48 a barrel, according to figures provided by the Organization of Petroleum Exporting Countries (OPEC) published in its latest monthly report.
ALGIERS- Minister of Energy, chairman of the Conference of the Organization of Petroleum Exporting Countries (OPEC), Mohamed Arkab, said Monday the forthcoming meetings of the organization and its non-OPEC partners will take into account the resumption of production in Libya's main oil fields.
ALGIERS-In addition to two refineries in Hassi Messaoud and Biskra, a refinery in Tiaret will be constructed in 2022 to achieve self-sufficiency in fuels, announced on Tuesday Energy Minister Mohamed Arkab.
ALGIERS - Algeria’s proven oil reserves are 1,340 million tonnes, or 10 billion barrels, Minister of Energy, Mohamed Arkab said on Sunday.
ALGIERS-All member countries of the Organization of Petroleum Exporting Countries (OPEC) agreed on quotas, production cut and the period of this cut during a meeting held Sunday via video-conference, announced Energy Minister Mohamed Arkab.
ALGIERS-The Organization of the Petroleum Exporting Countries (OPEC) and its allies agreed ahead of the videoconference held on Thursday to cut production by 10 million barrels per day (mbd) including 200,000 barrels for Algeria in May-June with a view to stabilizing oil priced impacted by the coronavirus pandemicn, announced Minister of Energy Mohamed Arkab.