WorldOil Regional Report: MENA Middle East/North Africa grapples with production cut commitment, despite urge to boost output Algeria muddles through slump as history deters debt The new realities of global oil markets are yet to convince economic policy makers in Algeria that it’s time for a radical rethink. OPEC insiders reel as key minister is fired during meeting As OPEC ministers gathered in Vienna yesterday to agree a nine-month extension of their oil-supply pact, the man credited with bringing about the landmark deal learned from a news broadcast that he had been fired. Algeria's Sonatrach, Total sign partnership agreement Sonatrach, Algeria’s state energy company, and Total, have signed a comprehensive agreement strengthening the existing partnership between the two companies. Algeria urges 1 MMbpd cut in world’s oil production OPEC and oil-producing countries outside the group must find a way to cut crude supplies by 1 MMbpd to re-balance markets and stabilize prices, Algerian Energy Minister Noureddine Bouterfa said. Algeria signs oil, gas deal as OPEC member boosts sales Algeria will supply oil and other energy products to Jordan for the first time under a memorandum of understanding signed on Monday, as the OPEC member seeks to diversify sales after years of stagnating crude production. Regional report: MENA

Despite geopolitical turmoil, Middle Eastern and North African exploration and licensing activity levels remain strong, with the MENA region producing over one-third of the world's oil and one-fifth of global gas.