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Congo/Algeria cooperation: signing of a memorandum of understanding

23/05/2024
Source : ORISHAS-FINANCE
Categories: Sectors

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Algeria and Congo signed a memorandum of understanding on May 21 to try to strengthen their partnership in the fields of hydrocarbons, energy, etc.

The memorandum of understanding signed between the Algerian Minister of Energy and Mines, Mohamed Arkab and the Congolese Minister of Hydrocarbons, Bruno Jean Richard Itoua, aims to promote bilateral relations between Congo and Algeria “in the field of hydrocarbons on an equal basis” and of mutual interest”, based on the respective priorities and strategies. The agreement also provides for the sharing of experience between the Algerian public company, Sonatrach, and the Société Nationale des Pétroles du Congo in the field of downstream petroleum. The two countries hope to consolidate their energy cooperation by establishing a strategic partnership in the oil and gas sector through this new memorandum of understanding

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According to Mohamed Arkab, “you have to raise the level of cooperation to make it a win-win situation. Algeria is ready to work with the Congolese side, especially in terms of training and skills transfer. The Algerian president wishes success in this cooperation process.”

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