An Algerian decision ordered by President Abdelmajid Tebboune angers the US administration and the Spaniards are begging Algeria to urgently end differences with their countries.
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Why has Algeria decided to reduce oil exports?
Algeria's Ministry of Energy has announced that it will reduce its oil production by 48 thousand barrels per day.
From May until the end of this year, in coordination with some of the countries participating in the OECS agreement and its allies OPEC Plus.
This angered the US administration, which was and continues to rely on Algerian oil to meet the needs of the European market in the light of the Russian crisis with Ukraine, which returned to loss on the world.
According to the statement issued by the Algerian Ministry of Energy, this "voluntary reduction" is a precautionary measure ordered by President Abdelmadjid Tebboune.
Add to this agreed at the 33rd OPEC Plus ministerial meeting last October.
Are relations between Algeria and Spain reverting?
In the same context, trade associations, enterprises and companies affected by the issue of Algeria's sanctions against Spain have also demanded an acceleration.
in order to pressure Pedro Sánchez government to settle its status after suffering losses estimated at hundreds of millions of dollars.
Those affected by Algeria's sanctions demanded financial compensation from the Spanish Government.
which refused to compensate them and pushed them to this stage of escalation against the Government of Sanchez and appealed to the European Union to beg Algeria to resolve this trade crisis
What did Spain do with Algeria today?
The Government of Sánchez had initially attempted to reach out to the European Commission, with a view to launching an assistance plan for companies affected by Algeria's sanctions, but that attempt had not paid off.
This was the reason behind the decision of Spanish dealers, who had been dismayed by the Government's mistakes, to use the escalation paper as an inevitable option for the restoration of their rights.
According to official data, in 2021 Spain was Algeria's second largest customer in the world after Italy, but the crisis caused by Sanchez's government.
This led to a major hemorrhage among Spanish companies dealing with the Algerian market, causing losses of more than 800 million euros, according to preliminary figures issued by the Spanish Algerian Chamber of Commerce and Industry.
More than 100 of them are on Algerian soil, according to Spanish media reports.
News of Algeria and Spain
The same sources indicate that Spanish companies involved in the Algerian market are afraid of the eventual loss of a profitable space in which they have worked for many years, for the benefit of Italian and French companies.
Who knew how to exploit the new situation, and put their products as alternatives, especially those related to spare parts, ceramics industry, paper, carton, oil, machinery, mechanical devices and plastic.
Spaniards' fears about the loss of the Algerian market have not been limited, but have expanded to include companies carrying out profitable projects in Algeria.
Such as "Natori", "Repoll", "Iberdrola" and "Celsa", active in the energy sector, as well as both "Indra" and "Technical Rupias", which are in dispute with Sonata.
Due to an imbalance in the delivery of an oil refinery, Sass ere and Axioma are operating three desalination plants, as well as many other hard-to-mention companies.
Pursuant to the European Union's reluctance to intervene in the Algerian-Spanish conflict, the Algerian radical's decision to limit its relations with Brussels to unprecedented levels is encouraged.
With multiple options, much better than the partnership agreement signed between the parties, which came into force in 2005, along the lines of the BRICS Group, which is the natural surroundings of a State such as Algeria.
What is the EU's role in the crisis in Spain and Algeria?
Josep Borrell, the European Union's High Representative for Foreign Affairs and Security Policy, had visited Algeria last month and had gently advocated for the normalization of Algerian-Spanish relations.
Thus, the flow of Spanish goods to Algeria had returned, but Algeria had not given any guarantees to the European official, as long as the Spanish Government maintained its position that had caused the current crisis with Algeria.
The issue of Algeria's sanctions against Spain reacts rapidly by announcing the birth of the "Association of Crisis Companies with Algeria", a birth whose founders want a front for pressure on the Government of Pedro Sánchez.
Are Spanish companies affected by Algeria's sanctions against Spain compensated?
to settle its status after incurring losses estimated at hundreds of millions of euros.
Spanish companies affected by Algeria's sanctions are demanding financial compensation from the Government, after the latter failed to overcome the crisis.
by Madrid's decision to abandon its historical neutrality on the Saharan issue and to move towards support for the self-government scheme introduced by the Moroccan warehouse system in 2007, which is not recognized by the United Nations and the overwhelming majority of the world's nations.
The Spanish companies affected by the crisis between Algeria and Madrid reached this stage of escalation with the Government of Sanchez, only after all attempts to save the situation had failed.
The last paper of the Spanish side, the European Union's involvement in the crisis, was burned by its push to put pressure on Algeria, an attempt that the Algerian authorities had rigorously addressed.
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