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ALGIERS- The minister of Energy and Mines, Mohamed Arkab, will take part Wednesday, by video link, in the 182nd OPEC ministerial conference, the ministry said Tuesday in a statement.

Published in Economy

ALGIERS-The Organization of Petroleum Exporting Countries (OPEC) commended in its monthly report released Saturday the role of Algeria in the signing of the Declaration of Cooperation (DoC) that has helped rebalance the oil market.

Published in Economy

ALGIERS-The Organization of the Petroleum Exporting Countries and its allies (OPEC+) on Thursday has maintained the production increase by 400,000 barrels/d from August decided at its 19th ministerial meeting, announced the Minister of Energy and Mines, Mohamed Arkab.

Published in Economy

Algerian oil price spikes by US$3.03 in July

Thursday, 12 August 2021 19:14

ALGIERS-Prices of Sahara Blend, the Algerian benchmark crude, spiked by US$3.03 in July, fueled particularly by the prospects for an increase in oil demand, the Organization of the Petroleum Exporting Countries (OPEC) said in its latest monthly report published Thursday.

Published in Economy

ALGIERS- The 19th ministerial meeting OPEC-Non OPEC (OPEC+), held Sunday by video conference, culminated in the decision of increasing the production by 400,000 barrels a day, as from August, said Minister of Energy and Mines Mohamed Arkab.

Published in Economy

OPEC+ calls off 18th ministerial meeting

Tuesday, 06 July 2021 10:49

ALGIERS-The member countries of the Organization of Petroleum Exporting Countries (OPEC+) on Monday postponed their 18th ministerial meeting for further talks and consultation, announced the Ministry of Energy and Mines in a communiqué.

Published in Economy

ALGIERS-The Organization of the Petroleum Exporting Countries (OPEC) and the Gas Exporting Countries Forum (GECF) congratulated Monday Algeria on the occasion of the 59th anniversary of independence and national sovereignty.

Published in Economy

ALGIERS-The Organization of Petroleum Exporting Countries and their partners “OPEC+,” decided Tuesday during its 16th ministerial meeting, to keep the levels of production unchanged in early April given the uncertain oil market conditions. 

Published in Economy

ALGIERS- The Organization of the Petroleum Exporting Countries (OPEC) and its allies, commonly known as OPEC+, decided the progressive increase in their production as of May, Minister of Energy and Mines Mohamed Arkab announced on Thursday in Algiers.

Published in Economy

ALGIERS- The Organization of Petroleum Exporting Countries (OPEC) announced the postponement of its 8th International Seminar of 2021 to 2022 due to the COVID-19 pandemic.

Published in Economy

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