Algeria Calls on Oil-Producing Countries to Commit to Production Cuts
Algeria - (Saba):
Algeria participated in the 59th meeting of the OPEC Joint Ministerial Monitoring Committee via videoconference to discuss the state of the oil market and its development prospects.
The Algerian delegation was headed by Energy Minister Mohamed Arkab, with other officials in attendance.
The meeting discussed the participating countries' commitment to the agreed-upon production cut levels for January and February.
Arkab stressed the importance of ongoing coordination among member states to address challenges, with a focus on optimally utilizing energy resources and diversifying project financing, especially in light of the challenges of the energy transition.
He also pointed to the need to strengthen regional cooperation and develop financing tools to achieve self-sufficiency in Africa.
Whatsapp Telegram Email Print
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Saba Yemen
7 hours ago
- Saba Yemen
Shura council speaker congratulates Algerian national assembly speaker on re-election
Sana'a – Saba: Shura Council Speaker Mohammed al-Aidaroos on Tuesday sent a congratulatory cable to Algerian National Assembly Speaker Azouz Nasri on his re-election to his position in the People's Democratic Republic of Algeria. On behalf of himself, the Chairmanship, and the members of the Shura Council of the Republic of Yemen, al-Aidaroos extended his warmest congratulations to the Algerian National Assembly Speaker. He expressed hope that the cooperation between the two councils would see increased coordination on various issues of common interest. He also wished Speaker Nasri success in his duties and the Algerian people continued progress and prosperity. Whatsapp Telegram Email Print
Saba Yemen
21-05-2025
- Saba Yemen
Greatest mines in Algeria, millions of tons of underground wealth
Algeria - Saba: Five mines in Algeria stand out among the list of strategic projects the state is counting on to achieve a qualitative shift in the structure of the national economy. These projects are considered a practical starting point for diversifying sources of income, strengthening manufacturing industries, and reducing dependence on oil and gas. These projects are supported by huge investment figures and employing thousands of workers. The specialized "Energy" platform listed the five most prominent mines in Algeria that have spearheaded the country's vision to exploit the country's untapped mineral potential, which until recently was only 10% exploited. The five most prominent mines in Algeria include resources of iron ore, phosphate, zinc, and lead, and their prospects extend to include gold and even diamonds. With Algerian President Abdelmadjid Tebboune's directives to make mineral resources a priority in economic policy, the pace of work on the ground has accelerated to launch and activate major mining projects that had been postponed for decades. National and international partnerships have been harnessed to complete them within record timeframes. This step represents a real transformation, as 2023 witnessed what can be described as the "year of mining resurgence," following the launch of several such projects across the country, from the southwest to the far northeast. Ghar Djebilet Mine The Djebilet gas mine is the largest of Algeria's five major mines, with a massive reserve estimated at 3.5 billion tons of iron ore, of which 1.75 billion tons are directly exploitable. The mine, discovered in 1952, is located in southwestern Algeria. However, its actual exploitation did not begin until 2022, making it one of the most delayed projects in Algeria, despite its importance. The project was launched as part of an Algerian-Chinese partnership under the supervision of the National Iron and Steel Company (FERA) and the Chinese consortium CMH. During its first phase (2022-2025), it will produce between 2 and 3 million tons annually, increasing to 50 million tons starting in 2026, following the completion of the 950-kilometer railway line to the city of Béchar. Jebel Onk Mine The Jebel Onk mine is the second largest project among the five major mines in Algeria, representing the backbone of the integrated phosphate project in the east of the country. According to Algerian mining sector data from the specialized energy platform, Jebel Onk covers the provinces of Tebessa, Souk Ahras, Skikda, and Annaba. This mine's reserves are estimated at 2.8 billion tons of phosphate, and the project aims to produce 10 million tons of raw material annually, 6 million tons of phosphate concentrate, and approximately 4 million tons of fertilizer. Investments in the Jebel Onq mine have reached approximately $7 billion, and are the result of a partnership between national companies (Asmidal and Algerian Mines) and Chinese companies (Wuhan and Yunnan Tian'an). Tala Hamza Mine The Tala Hamza-Oued Amizour mine is one of the new projects included in the Ministry of Energy and Mines' plans. It is located in the Tala Hamza region of Bejaia province and covers an area of 23.4 hectares. Oued Amizour is also one of the five most prominent mines in Algeria, with reserves estimated at 34 million tons of zinc ore, placing it among the top ten globally. The project's foundation stone was laid at the end of 2023, as part of an Algerian-Australian partnership with an investment of $400 million. Scheduled to begin operations in July 2026, the mine is expected to produce approximately 170,000 tons of zinc concentrate and 30,000 tons of lead annually, providing thousands of jobs and subject to strict environmental standards. Amsemsa Mine The Amsemsa gold mine, located 460 kilometers in the In Guezzam region, west of Tamanrasset Province, the far south of the country near the border with Niger, was discovered and developed by GMA Resources PLC. It is one of the top five mines in Algeria, being the country's largest gold producer. The mine's gold deposits amount to approximately 70 tons, with proven reserves estimated at approximately 3.38 million tons. It represents a sample of the mines spread throughout the Hoggar region in southern Algeria, a region with difficult geological terrain and abundant precious metals. Jebel Reggane Mine Although not yet operational, the Jebel Reggane region in Adrar Province is considered one of the regions with significant potential for diamond production, according to recent geological studies. This site is currently undergoing intensive exploration and could become a promising mine in the future, placing it among the top five mines in Algeria, worth $30 billion. Whatsapp Telegram Email Print
Saba Yemen
28-04-2025
- Saba Yemen
Several Palestinians killed in enemy shelling
Gaza - Saba: Four Palestinian citizens were killed and others were injured when Israeli warplanes bombed a tent for displaced people in the Algerian camp in the Al-Tha'abin area of Deir al-Balah, central Gaza Strip. The Palestinian News Agency, WAFA, reported that several citizens were killed and others, including children, were injured when enemy aircraft targeted a group of citizens near the Al-Sanafour intersection in the Al-Tuffah neighborhood, northeast of Gaza City. Whatsapp Telegram Email Print
