Algeria and Bangladesh Boost Hydrocarbons Partnership

Algeria and Bangladesh signed a memorandum of understanding today, Tuesday, in Algiers to strengthen cooperation in the hydrocarbons sector, aimed at developing all stages of the oil and gas value chain, including exploration, production, refining, and marketing. The memorandum also involves the potential export of crude oil and petroleum products, as well as liquefied natural gas (LNG) and fertilizers such as urea, to enhance trade and joint investments between the two countries. The agreement encourages cooperation between national institutions, particularly Sonatrach, through the exchange of expertise and technical studies, alongside the establishment of a joint committee to oversee project implementation and ensure tangible economic benefits.

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