Algerian Minister of Hydrocarbons, Mohamed Arkab, met with Austrian Federal Minister for Economics, Energy and Tourism, Wolfgang Hatzmansdorfer, to discuss enhancing bilateral cooperation and expanding partnership in hydrocarbons. The meeting took place at the Ministry's headquarters in Algiers, attended by the Austrian Ambassador to Algeria, Wolfgang Spadinger, and several other high-ranking officials from both countries. The two sides emphasized the importance of Algerian-Austrian relations, built on mutual respect, dialogue, and understanding.
The meeting provided an opportunity for both parties to explore ways to strengthen cooperation in hydrocarbons, a key area of economic relations between Algeria and Austria. They discussed potential partnerships in exploration, field development, oil and gas services, maintenance, and engineering, as well as technology transfer and expertise exchange. The Algerian and Austrian ministers also touched on encouraging joint investments and projects between companies from both countries.
Minister Arkab and Minister Hatzmansdorfer reviewed opportunities for cooperation in natural gas, including production, transportation, and storage. They also examined ways to develop cooperation in marketing, distribution, and storage of petroleum and gas products. Additionally, they discussed potential collaborations in refining crude oil, natural gas, and liquefied petroleum gas.
The two ministers discussed ways to reduce carbon footprint and lower emissions, as well as develop and utilize gas more efficiently. They also explored possibilities for training, applied research, and capacity building. Strengthening local manufacturing and creating value-added industries in Algeria were also on the agenda.
Minister Arkab expressed his sector's readiness to continue supporting Austrian companies interested in expanding their activities and investments in Algeria. He emphasized providing a favorable environment for mutually beneficial partnerships, particularly in technology, engineering, services, and industrial solutions.
Austrian Federal Minister Hatzmansdorfer praised Algeria's position as a reliable and important energy partner. He expressed interest from Austrian companies in enhancing their presence in the Algerian market and exploring new cooperation and investment opportunities, especially in hydrocarbons and related technologies.
The meeting between Minister Arkab and Minister Hatzmansdorfer highlighted the commitment of both countries to fostering a balanced and sustainable partnership that serves the interests of both nations and their people. The two sides agreed to continue working together to identify areas of mutual benefit and strengthen economic ties.
Key points
- Algeria and Austria discuss ways to boost bilateral cooperation in hydrocarbons.
- The two countries explore opportunities for partnerships in exploration, field development, and oil and gas services.
- Algeria's hydrocarbon sector is open to Austrian companies interested in expanding their investments in the country.
