Algeria’s oil and gas production in 2020 will total 143 million tons of oil equivalent, a decline of 8% from 2019.
President Tebboune Orders COVID-19 Vaccine Rollout as of January 2021 in Algeria.
His Highness, Mohammed Ben Zayed, the Crown Prince of the UAE now heads regional power.
Friday, December 11th, 2020 – Brent hit $50 per barrel on Thursday for the first time since March, edging higher on optimism surrounding vaccinations, the OPEC+ deal, plus strong demand in Asia.
BP has said it will invest heavily in Middle Eastern oil and natural-gas fields going into 2021. It is also a major producer in Algeria, the United Arab Emirates and Oman.
OPEC+ agrees to monthly increases. Discord characterized the OPEC+ meeting this week, and concerns grew that the group would fail to agree to postponing the planned production increases.
Algeria is easing lockdown restrictions over the novel coronavirus. The government issued directives that will see the North African country have a progressive reopening in the coming weeks.