automotive industry

Algeria risks economic decline as barrel drops below $60

The already fragile economic and financial conditions in Algeria are expected to worsen as oil, the country’s main export, drops below $60 per barrel. Oil markets plunged following Trumps tariffs that triggered fears of a global slowdown and reduced demand for oil and gas, whose prices have also declined. Oil and gas represent the bulk […]

Equatorial Guinea eyes economic diversification

Equatorial Guinea’s Minister of Mines and Hydrocarbons Gran Canaria on Thursday emphasized his country’s commitment to using its energy resources to diversify the economy. Equatorial Guinea is among the largest oil producers in Africa, with an output of 280,000 bopd. Speaking at the III Oil & Gas Meeting Day, Mr. Canaria gave details on multiple […]

Sahara: Washington tells Algiers it wants support for UN political process & regional stability

The Biden Administration has told the Algerian regime that it wants support for the UN political process on the Sahara and stability in the region. This message was conveyed by U.S. Deputy Secretary of State Wendy Sherman during talks she held Tuesday with the newly appointed Algerian Foreign Minister Ahmed Attaf. According to a statement […]