Algerian Minister of State and Minister of Energy, Mohamed Arkab, welcomed Austrian Federal Minister for Economy, Energy and Tourism, Wolfgang Hatzmayer, in Algiers on Wednesday to discuss ways to enhance bilateral cooperation and expand partnership between the two countries, particularly in the energy sector. The meeting was attended by the Austrian Ambassador to Algeria, Wolfgang Spadinger, and several other high-ranking officials from both countries.
During the meeting, both parties emphasized the importance of Algerian-Austrian relations, which are based on mutual respect, dialogue, and understanding. They expressed their shared desire to continue strengthening cooperation and developing a balanced and sustainable partnership that serves the common interests of both countries and their friendly peoples. The talks focused on exploring opportunities to enhance cooperation in the energy sector.
The two ministers discussed ways to encourage Algerian and Austrian companies to establish partnerships, launch joint projects, and invest in areas that add value. They also explored cooperation in the natural gas sector, including production, transportation, and storage. Additionally, they touched on cooperation in the marketing, distribution, and storage of oil and gas products.
Minister Arkab assured his Austrian counterpart that the energy sector is committed to continuing to support Austrian companies that wish to develop their activities and investments in Algeria. He emphasized the importance of creating favorable conditions for partnerships that benefit both parties, particularly in areas such as technology, engineering, services, and industrial solutions.
Minister Hatzmayer praised Algeria's position as a reliable and important energy partner, expressing the interest of Austrian companies in strengthening their presence in the Algerian market and exploring new opportunities for cooperation and investment, particularly in the energy sector and related technologies.
The two parties also discussed cooperation in areas related to reducing emissions, decreasing carbon footprint, and developing and using gas more efficiently. They highlighted the importance of training, applied research, and developing competencies, as well as promoting local manufacturing and creating added value in Algeria.
The meeting between the two ministers demonstrates the commitment of both countries to strengthening their energy cooperation and exploring new opportunities for partnership and investment. The talks are expected to lead to increased collaboration between Algerian and Austrian companies in the energy sector.
Key points
- Algeria and Austria to strengthen cooperation in the energy sector, particularly in areas such as natural gas, oil, and renewable energy.
