Evening - Backing for Algeria-India oil partnership
Minister of State and Minister of Hydrocarbons, Mohamed Arkab, welcomed Mohit Barot, CEO of the Indian company Sterling Oil. The two sides discussed strengthening cooperation and investment between Sonatrach and the Indian company in the fields of research, exploration, and oil and gas production. They agreed to expand the partnership to develop new projects and exchange technical expertise in refining and technological development, as well as to enhance environmental cooperation and reduce emissions. Arkab emphasized that Algeria possesses significant investment potential in the oil sector and offers incentives for foreign investors, while the Indian official expressed the company's interest in expanding its presence in Algeria and in emission reduction technologies.
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