15 Hrs
Source:
AL24 News
Algerian-Iraqi Energy Partnership
Algeria and Iraq reviewed strengthening cooperation in the hydrocarbon sector, particularly in natural gas exploration and production as well as petrochemicals. The discussions took place on the sidelines of the Energy Week in Riyadh between Algerian Minister of Petroleum, Mohamed Arkhab, and Iraqi Minister of Oil, Basem Khudair Al-Abadi, during which they agreed to develop joint projects between Sonatrach and Iraqi companies. These projects include utilizing associated gas and improving exploration and production techniques. The two sides also emphasized the importance of coordination within OPEC and OPEC+ to support the stability of oil markets and to develop gas resources, with a focus on Iraq benefiting from Algerian expertise in gas processing and adding greater value.
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