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Oil Sector Emissions Pact

Oil Sector Emissions Pact

Algerian Minister of Hydrocarbons Mohamed Arkab discussed ways to develop cooperation in oil, gas, petrochemicals and emissions reduction with Ousmane Dione, the World Bank’s Vice President for the Middle East and North Africa, Afghanistan and Pakistan. The meeting took place in Algiers on the sidelines of a workshop on climate finance and carbon markets. The two sides discussed expanding technical and financial cooperation and supporting projects to reduce gas flaring and methane emissions, as well as developing green hydrogen, fertilizers and seawater desalination. The discussions followed Sonatrach’s signing of a memorandum of understanding with World Bank-affiliated institutions.

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