Algerian Minister of Energy: Kuwait's oil exploration and extraction experience is distinguished

Kuwait’s ambassador to Algeria, Nawaf Boushbeeb, held talks on Sunday with Algeria’s Minister of State for Mineral Resources, 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 covered ways to bolster the bilateral partnership between the two countries in the energy sector, “particularly in light of 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, refinery management, 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, under the supervision of the Algerian National Agency for Promoting and Attracting Foreign Investment and Developing the Energy Sector.

The two sides agreed, according to the statement, “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, in order to maintain stability in global oil and gas markets.”