Nicholas Maduro, the president of Venezuela, visited Algeria in September to discuss the price of oil.
As OPEC nations, both Algeria and Venezuela have been challenged by low oil prices that resulted in difficulties for their respective economies.
Council of the Nation President Abdelkader Bensalah was unable to meet with the Venezuelan president. Since he suffered a stroke several years ago, he refuses to be publicly seen.
The National Oil Corporation (NOC) has confirmed that all technical and operational activities at its oil fields and ports are functioning normally and safely.
The national hydrocarbons company, SONATRACH, intends to implement an investment plan of 40 billion dollars over five (05) years, of which 51% in Dinars, in particular through the start of production and the ramp-up of several deposits, SONATRACH CEO Toufik Hakkar said Thursday in a New Year message.
National Oil Corporation acquires Norwegian Yara’s 50% stake in Libyan-Norwegian For fertilizers company “With the grace of god whom we thank, on Thursday 31/12/2020, the National Oil Corporation acquired the 50% participation of Yara, the Norwegian company.
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