Virtual meeting of seven OPEC+ member countries—including Algeria, Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, and Oman—agreed to implement a production quota increase of 188,000 barrels per day starting in September 2026, allocating Algeria an individual quota boost of 6,000 barrels per day to bring its target production to approximately 1 million barrels per day. Meanwhile, state energy firm Sonatrach successfully contained a non-ignited gas eruption/blowout incident during maintenance work at the TG-16 well in the Tiguentourine gas field (In Amenas) with no casualties reported.Key Upstream & Market DevelopmentsOPEC+ Quota Adjustment: The seven voluntary-cut-implementing nations confirmed the continued normalization of output levels during their 2 August review, setting Algeria’s September output adjustment at +6 kb/d within the wider 188 kb/d group acceleration.Tiguentourine Field Incident: Sonatrach managed a brief well-control loss and minor gas escape during workover operations at the In Amenas Tiguentourine gas field, noting zero casualties and swift establishment of perimeter safety controls.2026 Licensing Round: Ongoing technical data room reviews continue through October 31 for the ongoing Algeria Bid Round 2026, which features seven strategic conventional oil and gas blocks designed to secure vital foreign upstream capital.
Note By Alessandro Bazzoni