ALGIERS- The price of oil dropped by USD58/barrel from May 2014 to July 2017, resulting in a decline of the country’s resources in currency and limiting the financial capacities of the Public Treasury, said Tuesday, in Algiers, Finance Minister Abderrahmane Raouia.
ALGIERS- National airline Air Algérie announced on Tuesday that, due to the strike by air traffic controllers in France, take-off clearances of its aircraft from Algeria to France, scheduled for Tuesday, have been delayed.
WASHINGTON- The International Monetary Fund (IMF) has slightly adjusted its growth forecasts for Algeria in 2017 and 2018, anticipating a drop in inflation for next year.

Towards reorganization of SONATRACH

Tuesday, 10 October 2017 14:51
ALGIERS- The national hydrocarbon company SONATRACH will be reorganized, announced Tuesday in Algiers Minister of Energy Mustapha Guitouni.
ALGIERS-CEO of Sonatrach group Abdelmoumen Ould Keddour said Tuesday that the exploration and exploitation of shale gas in Algeria required "efficient strategic approaches."
ALGIERS- Minister of Environment and Renewable Energies Fatma Zohra Zerouati reiterated Monday the government's clear and complete commitment over the shale gas exploitation project, reassuring that nothing will be undertaken at the expense of citizens' health and environment.
ALGIERS- Minister of Industry and Mines Youcef Yousfi received Monday, in Algiers, Oman's Minister of Commerce and Industry Ali bin Masoud bin Ali al Sunaidy, on a working visit to Algeria, the ministry said in a statement.
TIZI OUZOU- Resorting to shale gas to diversify energy sources “doesn’t neglect public health,” affirmed Monday, in Tizi Ouzou, Minister of Energy Mustapha Guitouni.

Algeria, Oman want to boost bilateral trade

Monday, 09 October 2017 16:24
ALGIERS- Minister of Trade Mohamed Benmeradi and Oman's minister of Commerce and Industry, Ali bin Masoud bin Ali al Sunaidy, said Monday, in Algiers, the two countries seek to increase the volume of bilateral trade and find solutions to the hindrances preventing its development.
EL-OUED- Minister of Tourism and Craft Industry Hacene Mermouri underlined, Monday in El-Oued, the need to encourage tourism investment to diversify national economy resources.