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.
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