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ALGIERS-Energy Minister Mohamed Arkab will chair the 178th ministerial conference of the Organization of Petroleum Exporting Countries (OPEC) scheduled for 05 March 2020 in Vienna (Austria), the ministry said in a communiqué.  

Published in Economy

ALGIERS – The Organization of Petroleum Exporting Countries (OPEC) and its partners, named OPEC+, plan to consider new "substantial" oil output cuts, while a consensus on extending the current cut deal seems to be already "reached," said Minister of Energy and Chairman of OPEC Conference Mohamed Arkab.

Published in Economy

ALGIERS- The Organization of the Petroleum Exporting Countries and allies (OPEC+) should take a consensual and rapid action to face the "alarming" deterioration of the oil market due to the spread of the coronavirus (Covid-19) outbreak, said the minister of Energy and chairman of the OPEC Conference, Mohamed Arkab.

Published in Economy

ALGIERS- Energy Minister and President of the Organization of the Petroleum Exporting Countries (OPEC), Mohamed Arkab, said on Wednesday that the  organization's meetings, initially scheduled for early March could possibly be held earlier, in next February, in order to examine the measures to be taken to guarantee the oil market balance, amid the fears aroused by the spread of the Coronavirus.

Published in Economy

ALGIERS- Minister of Energy, Mohamed Arkab, also President of the conference of the Organization of the Petroleum Exporting Countries (OPEC) said Monday in Algiers that "the Organization is closely following the evolution of oil markets in conjunction with the coronavirus."

Published in Economy

Algeria takes OPEC rotating presidency for 2020

Thursday, 05 December 2019 17:19

ALGIERS-Algeria took Thursday in Vienna (Austria) the rotating presidency of the Organization of Petroleum Exporting Countries (OPEC), succeeding Venezuela, announced the Ministry of Energy Thursday in a communiqué.

Published in Economy

ALGIERS- Minister of Energy Mohamed Arkab is to take part in many meetings of the Organization of the Petroleum Exporting Countries (OPEC), to be held December 5-6 in Vienna, Austria, the ministry said Tuesday in a statement.

Published in Economy

ALGIERS – Algeria will, during its rotating presidency of the Organization of the Petroleum Exporting Countries (OPEC) in 2020, continue its efforts for the stabilization of the oil market, to serve the interests of both producing and consuming countries, said Sunday in Algiers Minister of Energy, Mohamed Arkab.

Published in Economy

Energy: OPEC, GECF agree to boost cooperation

Saturday, 05 October 2019 19:03

ALGIERS-  The Organization of the Petroleum Exporting Countries (OPEC) and the Forum of Gas Exporting Countries (GECF) have signed a Memorandum of Understanding aimed at strengthening cooperation in various areas including energy market monitoring and analysis, OPEC said in a joint statement posted on its website.

Published in Economy

Arkab discusses, in Abu Dhabi, with OPEC head

Saturday, 14 September 2019 11:53

ALGIERS- Minister of Energy Mohamed Arkab discussed, in Abu Dhabi (United Arab Emirates), with the head of the Organization of the Petroleum Exporting Countries (OPEC) Manuel Salvador Quevedo Fernandez, said Friday the ministry in a communiqué.

Published in Economy

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