While the company did not disclose the value of the contract, it said it has bagged a mega order from Sonatrach and defined orders valued in excess of Rs 7,000 crore as mega orders.
Before the summit, the heir to the throne of the world's top oil exporter had visited the United Arab Emirates, Bahrain, Egypt and Tunisia.
The Algerian government has decided to go all out this time to avoid an incident like 2016 when question papers were leaked online.
The dead include the plane's 10 crew and 247 passengers, most of them members of the armed forces.
The private steel maker had earlier tried to acquire the mill in 2014, when it was known as Lucchini. The Algerian conglomerate Cevital however acquired Lucchini and renamed the it Acciaierie e Ferriere di Piombino (Aferpi).
Abhishek Deshpande, oil market expert at Natixis says that a cut will be a positive news from the OPEC. A cut, if it actually comes, could also lead to non-OPEC countries cutting output.
A preliminary meeting on the issue was held here today between Minister of State for Chemicals and Fertilisers Mansukh L Mandaviya and Algerian Minister of Industry and Mining Abdessalem Bouchouareb.
Till the final decision on November 30 meeting, one could expect to find a floor for crude oil prices, said Mriganka Jaipuriyar, Associate Editorial Director, Platts.
Goldman said in a note to investors that it was sticking with its forecasts for WTI at USD 43 a barrel for the end of this year and USD 53 a barrel in 2017. The investment bank had cut its year-end forecast this week from USD 50 a barrel.
Statements made by nations like Saudi Arabia has added more gunpowder to the already clueless crude oil market, which is evident from the rapidly fluctuating oil prices over the last few days.
Fed Chair Janet Yellen appears before the House Financial Services Committee at 10 a.m. on supervision and regulation
Saudi Arabia and Iran on Tuesday dashed hopes that OPEC oil producers could clinch an output-limiting deal in Algeria this week as sources said the group and non-member Russia were still trying to bridge differences between the kingdom and Tehran.
OPEC members gather in Algiers for the International Energy Forum starting Monday and are expected to hold informal talks following the two-day event. Algeria's oil minister Nourredine Bouterfa has warned prices could drop back into the USD 30 per barrel range if officials walk away empty handed, but that appears to be the most realistic scenario.
The offer, which has yet to be accepted or rejected by Tehran, was made this month, the sources told Reuters on condition of anonymity.
Mohammed al-Sada, Qatar's energy minister, is the current president of the OPEC conference.
If an output freeze were to come through, a bullish price reaction may be seen, says Chris Main, Commodities Strategy Analyst at Citi.
Inaction by the Chinese government following an 11 percent rout in local stock markets last week encouraged a free-fall in global equities and other commodities on Monday.
Other commodities also hit fresh lows in early Asian trading as fears spread that a more severe slowdown in China would pull down other economies in the region, denting energy and raw material consumption.
Minister for Communications and Information Technology Ravi Shankar Prasad said attackers are compromising computer systems in different parts of the world and use masquerading techniques and hidden servers to hide the identity of actual systems from which the attacks are launched.
The deal will increase CF's production capacity by about 65 percent over the next two years and help it better compete in a fragmented market.
"The JV company will manufacture and market respiratory products facilitating Cipla's front-end presence in Algeria," it added. As per the agreement, Cipla's wholly owned subsidiary, Cipla (EU) Ltd, will hold a 40 percent stake in the JV company while the remainder will be held by a Biopharm-led Algerian consortium.
Once this deal is concluded, the company will be renamed as Alembic Mami SPA.
Virendra Chauhan, Oil Analyst, Energy Aspects expects global Brent price to hover between USD 90-95/barrel in first half of 2015.
The past year saw a weird trend of individuals expressing their criticism for government laws via hacking. The ...
When Moncef Marzouki, a former dissident transformed by the "Arab Spring" into Tunisia's president, paid an official visit to Algeria on Sunday, red and white Tunisian flags flew from lamp-posts in his honour.