Algeria and Bangladesh sign hydrocarbons deal
Algeria and Bangladesh signed a Memorandum of Understanding to strengthen cooperation in the hydrocarbon sector, with the aim of developing the entire oil and gas value chain, including exploration, production, transportation, and processing. The agreement covers the possibility of supplying crude oil, refined petroleum products, and liquefied natural gas to the Bangladeshi market, as well as enhancing trade partnerships and exchanging expertise among national institutions such as Sonatrach. The memorandum also includes forming a joint committee to identify priorities and evaluate projects, with the goal of implementing projects that add economic value and bolster bilateral cooperation in the energy sector.
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