OPEC

NISSAN TO BUILD CAR ASSEMBLY PLANT IN ALGERIA

Posted on by Gambeta News
NISSAN TO BUILD CAR ASSEMBLY PLANT IN ALGERIA

Nissan signs agreement with Hasnaoui Group to build car assembly plant in Algeria. Japanese second largest automaker Nissan Motor Corporation, will soon build a car assembly plant in Algeria. This announcement came after Nissan signed an agreement with Algerian private partner Hasnaoui Group; to build a US$160 million car assembly plant in Algeria. Hasnaoui Group will hold a majority stake in the project. The location of the car assembly plant will be near the western city of Oran. The…

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OPEC OUTPUT REDUCED DUE TO LOW OIL SUPPLY FROM NIGERIA, ALGERIA AND OTHERS

Posted on by Gambeta News
OPEC OUTPUT REDUCED DUE TO LOW OIL SUPPLY FROM NIGERIA, ALGERIA AND OTHERS

OPEC crude output for the month of October dropped by 80,000 barrels per day due to low supply from Nigeria, Algeria, Iraq and Venezuela. According to the International Energy Agency (IEA), November’s Oil Market Report (OMR), The drop in OPEC’s crude output was as a result real interruptions in Iraq where shipments from the North fell by an estimated 170 kb/d in October, as well as lower production in Algeria, Nigeria, and Venezuela. According to the November OMR,…

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