How Algeria Saved $700 Million in Imports

The Minister of State, Minister of Energy, Mines and Renewable Energies, Mr. Mohamed Arkab, presented, Friday in Sorrento (Italy), Algeria's energy strategy which is based on the strengthening of natural gas production, the reduction of the carbon footprint and the expansion of the use of renewable energies, indicated in a press release the ministry. Participating in a round table entitled The central role of the Mediterranean in the global ener…

Algeria has reduced its foreign exchange expenditure by $700 million through a policy of substitution for imports, which was initiated by the Presidency and implemented by the Ministry of Trade, with the aim of relocating some of the supplies by promoting locally produced products. The announcement was made by Tayeb Zitouni, Minister of Internal Trade and National Market Regulation, during an official visit to Tiaret. The reduction in the volume…