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Tag: OPEC
IS Defeat in Sirte Deepens Libya’s East-West Split
The recent takeover by Libyan forces of the coastal city of Sirte from IS, is a major setback for the terrorist organization. Yet, this victory ... Read More
Algeria to Push for Oil Production Freeze at Informal OPEC Talks
Algeria and other OPEC members whose budget took a toll on the backdrop of the oil price plunge are expected to push for a production ... Read More
Does Algeria Need Nuke Power Plant?
Algeria, member of the OPEC Cartel and a major oil & gas producer in the region, has raised regional and international concerns when it announced ... Read More
Algeria Jails 6, Fines Foreign Firms in Corruption Case
An Algerian court on Tuesday handed prison sentences to six people, ranging from 18 month suspended sentence to 6 years in prison plus fines, in ... Read More
Algeria’s Trade Deficit Worsens to Over $ 10 billion
Algeria trade deficit widened to $10.33 billion during the first nine months of 2015, against a $4.09 billion surplus a year earlier, after a sharp ... Read More
Algeria Seeks More Russian Sukhoi Su-30 fighter jets
The Algerian army, currently undergoing a deep shakeup, has ordered 14 Russian Sukhoi Su-30 fighter jets, which will enhance the 44 Su-30MKs in service in ... Read More
Volkswagen Reportedly Chooses Morocco not Algiers
It seems that Morocco has won another battle against its neighbouring arch-rival Algeria, member of the OPEC cartel. After months of secret negotiations with the ... Read More
Algerian Navy to Receive 2nd Chinese-Made Corvette (IHS Jane’s Magazine)
China’s Hudong-Zhonghua company, a wholly owned subsidiary of China State Shipbuilding Corporation, is building a second C28A corvette for the Algerian navy, reported IHS Jane's ... Read More
Algeria’s FX Reserves Tumble 50 pc in Q1 2015 Raising Social Concerns
Algeria’s foreign exchange reserves plummeted by half in the first quarter of 2015 due to the fall in global crude oil prices, the country’s central ... Read More
Algeria wants global effort to end price fall
Algeria is trying to rally members of the Organization of Petroleum Exporting Countries (OPEC) as well as non-members to work towards stopping the fall of ... Read More