Our ambassador to Algeria discusses prospects for bilateral cooperation in oil and gas

Kuwait’s Ambassador to Algeria, Nawaf Boushbe, held talks on Sunday with Algerian State Minister for Hydrocarbons, Mohamed Arkab, to explore prospects for enhancing bilateral cooperation in the oil and gas sectors.

According to a statement issued by the Kuwaiti Embassy in Algeria and received by the Kuwait News Agency (KUNA), the discussions addressed ways to bolster the bilateral partnership between the two countries in the energy sector, “particularly under current international and regional conditions that call for concerted efforts and intensified coordination between the two brotherly nations.”

The two sides reviewed “Kuwait’s experience in oil exploration and extraction, as well as the management of refineries and petrochemical industries.”

In this regard, Minister Arkab praised Kuwait’s distinguished experience, expressing his hope that Kuwaiti oil companies would participate in the international bidding round for hydrocarbon exploration launched by Algeria under its new hydrocarbons law and under the supervision of the Algerian National Agency for Promoting and Attracting Foreign Investment and Developing the Energy Sector.

The statement added that the two sides agreed “to prepare for talks via video conferencing between the relevant authorities in both countries as a first step to enhance communication and intensify meetings to promote shared interests in the oil and gas sectors.”

The statement further noted that both sides commended “the high level of bilateral coordination at international forums and in meetings of the Organization of the Petroleum Exporting Countries (OPEC) and the OPEC+ alliance, aimed at maintaining stability in global oil and gas markets.”