Algerian Minister of Hydrocarbons Mohamed Arkab received OPEC Secretary General Haitham Al Ghais on September 28, 2026, in Algiers. The meeting was part of Al Ghais' working visit to Algeria from September 26 to 29. The visit coincided with the 10th anniversary of the Algiers Agreement, signed on September 28, 2016, which marked a significant step in strengthening cooperation between oil-producing countries.
The discussions between Arkab and Al Ghais focused on the evolution of the global oil market, its prospects, and the main challenges facing the international oil industry. The two parties examined the cooperation between countries that signed the Declaration of Cooperation within the OPEC+ framework and the prospects for this coordination. Arkab reaffirmed Algeria's commitment to the principles of dialogue, consultation, collective responsibility, and consensus-building.
The talks also covered the functioning and governance of OPEC, its priorities, and ways to strengthen the organization's effectiveness in the face of global energy market transformations. The meeting was attended by several high-ranking officials, including Sonatrach CEO Nourredine Daoudi, Abdelkader Cherfaoui, president of the National Agency for the Valorization of Hydrocarbon Resources, and Amine Remini, president of the Hydrocarbons Regulatory Authority.
The 10th anniversary of the Algiers Agreement was a significant topic in the discussions. The agreement, concluded in September 2016, contributed to strengthening coordination between OPEC members and major non-member producers, laying the groundwork for expanded cooperation between producers within the OPEC+ framework. Al Ghais praised Algeria's role within OPEC and OPEC+, as well as its contribution to dialogue, cooperation, and consensus-building efforts.
Haitham Al Ghais' visit to Algeria aimed to enhance cooperation between the country and OPEC. During his visit, he met with several Algerian officials to discuss issues related to the global oil market and the organization's priorities. The OPEC Secretary General's trip was an opportunity for Algeria to reaffirm its commitment to the organization and its role in promoting stability in the global oil market.
The meeting between Arkab and Al Ghais concluded with a reaffirmation of their willingness to continue consultations and strengthen cooperation between Algeria and OPEC on issues of common interest related to the international oil market. The two officials emphasized the importance of continued dialogue and cooperation to address the challenges facing the oil market and promote stability in the industry.
The discussions between Algeria and OPEC come at a critical time for the global oil market, which is facing numerous challenges, including fluctuations in demand and supply, geopolitical tensions, and the transition to cleaner energy sources. The cooperation between Algeria and OPEC is crucial in promoting stability and addressing these challenges.
Key points
- Algeria's Minister of Hydrocarbons, Mohamed Arkab, met with OPEC Secretary General Haitham Al Ghais to discuss the challenges facing the oil market and the future of cooperation within OPEC+.
- The meeting marked the 10th anniversary of the Algiers Agreement, which contributed to strengthening coordination between OPEC members and major non-member producers.
- Algeria reaffirmed its commitment to the principles of dialogue, consultation, collective responsibility, and consensus-building within OPEC.
