The Organization of Petroleum Exporting Countries (OPEC) celebrated on September 14 its 57th anniversary. Since 1960 to date, the group held 172 meetings (including both regular and extraordinary).
The first meeting was in Baghdad in 1960 and the last significant meeting the group held was in Algeria in September 2016, when ministers decided finally to take a collective action to stop crude prices from sliding after Brent reached $28 at the beginning of the year....

Experts and analysts have speculated about oil prices for the next two years, among them those who describe the government of Ahmed Ouyahia as 'lucky» by foreseeing that the price of the “black gold” might rise next year to reach $ 80 dollars, and those who maintain that an oil barrel reaching $ 56 dollars during the past two days is only a reflection of the decline in the dollar and this will not last long.

Therefore,"...

European parties rejoiced at the decision of the Trade Ministry to review the list of goods and products that are prohibited from import under the licensing system, after European companies and producers suffered heavy losses after the approval of the licensing system.

According to the Italian Cedar-Web site, which is specialized in iron and steel news of all kinds, the Algerian authorities licensed"...

Grandweld Shipyards has secured a contract to design, Construct and deliver four crew boats and six pilot boats for Kuwait Oil Company. The contract was signed on May, 2017 by Mr. Ismail Abdulla, Deputy Chief Executive Officer of Kuwait Oil Company, and Mr. Jamal Abki, General Manager of Grandweld Shipyards.

The 25meter long Aluminum fast crew boats, with"...

The Department of Petroleum Resources (DPR) is set to roll out a digitalization programme to automate its critical operations, enhance the efficiency of its regulatory deliverables and accelerate recovery of outstanding revenues due to the government.

This is contained in a statement by the by Paul Osu of the Public Affairs Department, which said the programme, when rolled out, will improve regulatory"...

Industry minister Youcef Yousfi received the European Union’s envoy to Algeria. They talked about the Association Agreement and its repercussions on national economy.

The ministry said in a release that the two officials evoked the “situation of economic cooperation between Algeria and the European Union as well as their expectations and vision to reinforce collaboration.”

Shareholders of Oando, at the company’s 40th Annual General Meeting (AGM) held yesterday, passed a vote of confidence in the current management team, ensuring that Wale Tinubu retains his role as CEO of the company. The shareholders also retained the current set of Directors.

Rumours of an internal squabble amongst the company’s major shareholders have swelled in recent weeks, gaining"...

President Maduro met with Algerian officials to discuss bilateral agreements and strategize on ways to readjust global crude prices.

Venezuela and Algeria have agreed to strengthen commercial and economic ties between the two countries after Venezuelan President Nicolas Maduro arrived in the African country to hold bilateral talks.

During"...