ALGIERS- Discussions about the extension, beyond March 2018, of the agreement between the organization of the Petroleum Exporting Countries (OPEC) and its partners on oil production reduction has been postponed to next November, Minister of Energy Mustapha Guitouni said Friday in Vienna.

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ALGIERS- The possibility to renew, to beyond March 2018, the agreement of the Organization of the Petroleum Exporting Countries (OPEC) and its partners, on limiting production, will be examined Friday in Vienna, said Wednesday in Algiers Minister of Energy Mustapha Guitouni.

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REGGANE (Adrar)- The gas complex of Reggane (Adrar) will start its phase of commercial exploitation before the end of the year 2017, said Wednesday the officials of the group Sonatrach.

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ALGIERS- Algeria's foreign exchange reserve stood at USD105 billion in July 2017 while the Revenues Regulation Fund completely exhausted in February, according to the government's action plan, which stressed the "real difficulties" in terms of State Budget.  

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ALGIERS –The Executive decree of 6 December 2015 establishing the licenses for importing goods remains in force, said Sunday a communiqué of Prime Minister Offices.

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ALGIERS-Energy Minister Mustapha Guitouni called on Canada and South Korea to strengthen energy cooperation with Algeria during the visits by ambassadors of Canada and South Korea, Isabelle Roy and Park Sang-Jin respectively, the Ministry announced Friday in a communiqué.

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ALGIERS- The government and its economic and social partners (the General Union of Algerian Workers and employers) have agreed on Thursday, in Algiers, to postpone the Tripartite meeting that was scheduled for September, according to a statement issued at the end of their meeting at the Government Palace.

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3.3% growth rate recorded in 2016

Sunday, 20 August 2017 14:05

ALGIERS- The Algerian economy achieved a growth rate of 3.3% in 2016 against 3.7% in 2015 and a Gross Domestic Product (GDP) per capita of 3,894 dollars in 2016, the National Statistics Office (ONS) told APS.

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ALGIERS- The annual rate of consumer price stood at 6.1% until end of July 2017, the National Statistics Office told APS.

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ALGIERS –The cereal production during the 2016-2017 season reached more than 35 million tonnes by mid-August compared to the 34 million tonnes recorded in the season 2015-2016, an official at the Agriculture Ministry told APS.

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