Algeria invites the USA to invest in the field of energy

The Minister of Energy and Mines, Mohamed Arkab, received the United States Ambassador to Algeria, Elizabeth Moore Aubin, this Tuesday, April 5, 2022, the latter underlined the importance of cooperation and strategic partnership which links Algerian and American companies present in Algeria in the field of energy.

For her part, the United States Ambassador to Algeria, Elizabeth Moore Aubin, and according to the statement made public by the Ministry of Energy and Mines expressed: “her satisfaction with the quality of relations between the two countries and the interest shown by American companies, and the trust that characterizes relations between the companies of the two countries thanks to balanced and solid partnerships. »

According to the same press release, the two parties discussed during this meeting, which took place at the headquarters of the Ministry of Energy and Mines, bilateral Algerian-American relations in the field of energy and mines. Which was rated as historic and excellent, as well as prospects for improvement. They also reiterated the desire to intensify cooperation between the two countries in the field of energy. By studying all available opportunities in oil, gas, power and mining.

The press release also indicates that the two parties discussed the great potential for cooperation and the existing investment opportunities in the field of new “hydrogen” and renewable energies. As well as in the national seawater desalination program in the short and medium term. Hoping for the participation of American companies in this program.

The importance of cooperation between Algeria and the USA in the field of energy

The Minister of Energy and Mines Mohamed Arkab stressed “the importance of cooperation and strategic partnership that binds Algerian and American companies present in Algeria in the field of energy“.

The latter also presented the investment and partnership opportunities offered by the sector. Particularly in the field of exploration, development and exploitation of hydrocarbons. Hoping to see the participation of American companies in the next calls for tenders which will be launched by the sector soon and to take advantage of the advantages offered by the new law on hydrocarbons.

The statement added that Minister Mohamed Arkab insisted on Algeria’s willingness to work more to develop its resources in order to better explore and exploit its rich mineral resources. In the same context, he called on American companies to invest in the mining sector in Algeria and to establish mutually beneficial partnerships with Algerian companies with knowledge transfer and training.

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