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November 27, 2024 | 1 month ago

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Arkab receives a delegation from Arab Contractors: Algerian-Egyptian cooperation at full throttle

The Minister of State, Minister of Energy and Mines, Mohamed Arkab, yesterday received a delegation from the Egyptian company Arab Contractors, headed by the Vice-Chairman of the Board of Directors, Mr. Al-Wazir, who discussed with him opportunities for strengthening bilateral cooperation, according to a Ministry press release quoted by APS.

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Strengthening Energy and Mining Cooperation Between Algeria and Egypt

A meeting was held between the Algerian Minister of Energy and Mines, Mohamed Arkab, and a delegation from the Egyptian company "Arab Contractors", in the presence of the Egyptian Ambassador to Algeria, Mokhtar Wrideh. Discussions focused on enhancing cooperation in the energy, mining and renewable energy sectors, in line with the directives of the two countries' leaders.
Bilateral agreements and context

The meeting followed a memorandum signed in Cairo in October outlining joint projects in oil, gas and mining exploration, liquefied petroleum gas marketing and the establishment of a joint venture for engineering studies in the energy sector.
Projects and opportunities

Discussions highlighted cooperation involving Algerian companies such as Sonatrach, Sonelgaz and Sonarim, focusing on:

-Developing oil and gas fields.
-Building hydrocarbon infrastructure.
-Developing power generation and transmission facilities.
-Transforming Algeria's mineral resources.

Mohamed Arkab stressed the importance of basing these projects on a win-win partnership with solid economic foundations.
Egyptian appreciation and commitment

The Egyptian delegation praised the historical ties between the two countries and highlighted the success of Egyptian companies in Algeria, such as "Petrogist" and "Swedy Cables". The Egyptian ambassador expressed his country's interest in strengthening economic cooperation and the exchange of know-how with Algeria.


November 28, 2024 | algeria-logo

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