Our ambassador in Algeria discusses bilateral cooperation prospects in oil and gas sectors

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

A statement issued by the Kuwaiti Embassy in Algeria, received by KUNA, said the discussions addressed ways to bolster the bilateral partnership between the two countries in the energy sector, “particularly under the current international and regional circumstances 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 experience, describing it as outstanding, and expressed 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 National Agency for the Promotion and Attraction of Foreign Investment and the Development of the Energy Sector.

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

The statement added that both sides commended “the outstanding level of bilateral coordination at international forums and in meetings of the Organization of the Petroleum Exporting Countries (OPEC) and the OPEC+ alliance to maintain stability in global oil and gas markets.”