Algeria participates in a ministerial meeting of OPEC+ and announces an increase in its oil production by 4,000 barrels per day – Algerian dialogue

The Minister of State, Minister of Energy, Mines and Renewable Energies, Mohamed Aqarb, participated today, Sunday, through the technique of visual lecture from a distance, in a ministerial meeting that included eight countries from the OPEC+ Group that applies voluntary amendments to its production of crude oil, in the presence of the President and General Manager of the Sonatrach Complex, Rashid Hashishi, and tires from the ministry.

The meeting included oil ministers and representatives of each of The Kingdom of Saudi Arabia, the United Arab Emirates, Iraq, Kazakhstan, Kuwait, the Sultanate of Oman, and RussiaBesides Algeria.

Study the status of the global oil market

Determine the agenda of the meeting to discuss The current situation of the global oil market and its prospects in the short termWith a follow -up of respect for the obligations related to voluntary reductions in production, including mechanisms to compensate the excess quantities produced by some countries.

The decision to raise production

At the end of the deliberations, the ministers decided a monthly lift to the production of the eight countries of OPEC+ 137 thousand barrels per day Starting in October 2025.
As for Algeria, this amendment will be translated with an increase in crude oil production with 4.000 barrels per day As of the same month.

The statements of the Algerian Energy Minister

Commenting on the decision, Minister Mohamed Aqab explained that “the decision taken by the group of eight countries of OPEC+ reflects A cautious and balanced approachAnd stressing that “despite the continuing factors of uncertainty in the oil market, global demand remains in general, but it is a candidate for growth at a more moderate pace in the coming months.”

He added that “the decision embodies the will of the countries of the group in Expand a spirit of responsibility And maintain the stability of the market, while maintaining Flexibility to reassess the situation If the circumstances are required. ”

Continuous obligations and coordination

The ministers renewed their commitment to continuing close coordination through Regular monthly meetingsWith the aim of following up the developments of the market and ensuring respect for obligations and implementing the agreed compensation measures.

It has been agreed to hold the next meeting of the ministers of the Group of Eight Countries of OPEC+ Day October 5, 2025.