State Minister for Hydrocarbons Mohamed Arkab met this Tuesday with Latin American Energy Organization (OLADE) Executive Secretary Andrés Rebolledo Smitmans, on a two-day working visit to Algeria. The talks culminated in a signed roadmap to formalize their partnership, prioritizing joint projects.
Deepening Algeria-OLADE ties dominated discussions. They reviewed collaboration since Algeria joined as an observer in 2001 and permanent observer in 2018, pledging to elevate it further.
The meeting sealed a cooperation roadmap, setting an operational framework for shared initiatives and expertise swaps. It targets sustainable growth and tighter energy integration.
Talks covered technical partnerships and know-how sharing in exploration, production, resource development, training, and research. They also tackled global oil and gas market shifts amid seismic energy sector changes, per a ministry statement.
Both stressed tighter producer coordination for supply security and market stability.
Arkab reaffirmed Algeria’s dedication to global dialogue, especially South-South cooperation. He advocated balanced strategies respecting developing nations’ needs, ensuring a fair, sustainable energy transition without risking supply security.
Future scopes included hydrocarbon investments, petrochemical and gas value chains, and skill-building via training and tech transfers.
OLADE’s secretary praised Algeria’s energy leadership, expertise, and reliability as a partner. He highlighted Algiers’ backing for OLADE efforts in training, research, and innovation.