Arkab évoque avec son homologue égyptien les opportunités d’investissement et de partenariat
Summary of the Meeting on Bilateral Energy Cooperation between Algeria and Egypt
On Tuesday, in Ravenna, Italy, during the OMC Med Energy Conference, Algeria’s Minister of State and Minister of Energy, Mines, and Renewable Energy, Mohamed Arkab, met with the Egyptian Minister of Petroleum and Mineral Resources, Karim Badawi. This meeting, also attended by Algeria’s ambassador to Italy and the CEOs of Sonatrach and Sonelgaz, focused on enhancing bilateral collaboration in the fields of energy, mining, and renewable resources.
The two ministers highlighted the "historic and privileged" relationship between Algeria and Egypt. They explored various investment opportunities and potential partnerships concerning exploration, development, and refining of resources. Additionally, they discussed the commercialization of liquefied natural gas (LNG) and liquefied petroleum gas (LPG) and projects related to green hydrogen.
They also addressed cooperation perspectives in the mining sector, especially in phosphate transformation industries and fertilizer production. In this context, Arkab encouraged Egyptian companies to leverage Algeria’s new legislative frameworks regarding investments.
Badawi expressed satisfaction with the growing dynamics in bilateral relations, especially following the recent official visit of Algerian President Abdelmadjid Tebboune to Egypt. Both ministers agreed on the need to intensify dialogue and exchanges among economic operators from both countries. They emphasized the importance of developing joint projects based on a win-win approach, particularly in energy infrastructure development, resource transformation, and the establishment of power generation facilities.
In conclusion, the meeting underscored a shared commitment to strengthen energy cooperation between Algeria and Egypt, presenting vast opportunities for both nations in several sectors, including natural gas and mining, while fostering economic interaction and mutual growth.
