Tag: Algeria
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Oil price losses continue.. Saudi Arabia and Algeria warn of market collapse
Oil prices continued their losses for the third day, recording their lowest level in more than a year, on the back of fears of a global economic collapse, in the wake of the bankruptcy of a number of US banks, led by Silicon Valley Bank. The uncertainty in the oil markets – amid US moves…
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Fuel prices in the Arab countries a year after the Ukraine war.. Egypt and Algeria are the cheapest
The Ukraine war, which took place a full year ago, had a major impact on global oil and gas prices. This was reflected in fuel prices in the Arab countries. Including those that produce oil and gas, and do not face direct threats related to energy shortages. The Russian invasion of Ukraine, on February 24…
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Algeria is studying a deal to export oil and gas to Jordan
Algeria is considering exporting oil and gas to Jordan, to secure part of its needs, with the growing demand for fuel locally. In this context, the Algerian Minister of Energy and Mines, Mohamed Arkab, said, during his meeting with a Jordanian parliamentary delegation: that his country is serious about studying the possibility of supplying Jordan…
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The oil and gas sector in Algeria is awaiting the pumping of $40 billion in investments to increase production
The oil and gas sector in Algeria is expected to pump $40 billion over the next 5 years, as part of a strategic plan aimed at increasing production to secure growing domestic demand and increase exports. In this context, the Algerian Minister of Energy and Mines, Mohamed Arkab, said that his country is planning a…