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After the High Level Committee of experts of the Organization of Petroleum Exporting Countries (OPEC) failed to reach an agreement on outlining the implementation of cutting the production output in Vienna last month, there were concerns that the Algiers agreement Read more
The agreement between members of the Oil Petroleum Exporting Countries (OPEC) and non-OPEC members that was reached in Algiers last month is slowly nearing a deadlock after Iraq became one of the latest countries demanding to be exempted from it. Read more
Iran’s President Hassan Rouhani on Thursday urged authorities to be hospitable to foreign businessmen and investors to remove Iranophobia and promote the country’s economy and trade. in his speech to promote Iranian trade relations with the rest of the world, Read more
Algeria’s Council of Ministers approved the Finance bill for the upcoming year and tempered its expectations on oil and gas by estimating the price of a barrel at $50. The ministers meeting, held under the chairmanship of ailing President Abdelaziz Read more
UN energy expert Gille Bonafi has called the European Union (EU) to lean on Algeria for its energy supply as the North African country can become a world’s leading energy producer given its untold solar energy potential. Speaking in Algiers, Read more
A day after the Organization of Petroleum Exporting Countries (OPEC) reached a deal Wednesday to reduce output by almost 700,000bpd collectively, Libya has stated that it will be an exception to the deal that could be finalized in November during Read more
A senior Algerian government official under the condition of anonymity has revealed that authorities are preparing to invite foreign and private investors to acquire controlling stakes in state-run banks. There are six (6) state banks in the country and they Read more
King Mohammed VI has renewed Morocco’s strong determination to increase the share of renewables in electricity output capacity to 42 pc by 2020 and to 52 pc by 2030. The Moroccan Sovereign chaired, on Monday at the Royal Palace in Read more
The austerity plan announced by the oil rich kingdom earlier this year is on track, with the signing Monday of a series of royal decrees slashing the salaries of senior officials and councilors. The royal decrees, announced on state-run Ekhbariya Read more
Secretary General of the Oil Producing Exporting Countries (OPEC) Mohammed Barkindo has hinted that the organization could hold an extraordinary meeting as early as November if OPEC and non-OPEC producers meeting on the sidelines of the International Energy Forum reach Read more