Algerian Minister of Energy and Mines, Mohamed Arkab, met on Thursday at the ministry’s headquarters with U.S. Ambassador to Algeria, Elizabeth Moore Aubin, to explore opportunities for enhancing bilateral cooperation in the oil, gas, electricity, and mining sectors, according to a statement from the ministry.
The two officials reviewed “the current state of Algerian-American cooperation in the energy and mining sectors and discussed prospects for strengthening these ties.” They reaffirmed their commitment to intensifying collaboration by exploring all available opportunities in both upstream and downstream activities within the oil and gas industry, as well as in electricity transmission and transformation.
Arkab expressed his satisfaction with “the quality of relations and the significant progress made in areas of cooperation between Sonatrach and American companies such as ExxonMobil and Chevron, particularly concerning the exploration of new investment opportunities, especially in boosting hydrocarbon production capabilities.”
They also identified “considerable” opportunities for cooperation in managing and reducing methane emissions, developing carbon capture and storage (CCS) solutions, and other initiatives aimed at achieving a qualitative leap and revitalizing bilateral relations through training, technology transfer, and sharing experiences and expertise.
Furthermore, Arkab reiterated “Algeria’s desire to better develop its resources, particularly through the exploration and exploitation of its rich mining potential.” He called on American companies to “invest in Algeria’s mining sector and establish mutually beneficial partnerships with Algerian firms, particularly in geological research, exploration, extraction, and processing of mineral resources,” as stated by the source.
In turn, the U.S. Ambassador expressed her “great satisfaction” regarding the strong bilateral relations and the interest shown by American companies, noting “the favorable and incentivizing investment climate,” according to the ministry’s statement.
