Greek Parliament Speaker Nikitas Kaklamanis expressed satisfaction with the current level of relations between Greece and Algeria, emphasizing the need to further strengthen bilateral cooperation, especially in the energy sector. This statement was made during a meeting with Algerian Minister of State for Energy, Mohamed Arkab, as part of a working visit to Algeria. The meeting provided an opportunity to review the current state of bilateral cooperation and explore ways to enhance and expand it, particularly in areas related to energy.
The two parties highlighted the dynamic nature of Algerian-Greek relations, stressing the importance of continued efforts to promote bilateral cooperation, intensify consultations, and exchange experiences that serve the mutual interests of both countries. Minister Arkab presented various opportunities for cooperation in the energy sector, affirming that Algeria is a strategic and reliable partner for Greece in meeting its energy needs, particularly in natural gas. He cited the existing partnership between Algerian energy company Sonatrach and the Greek energy conglomerate DEPA.
The meeting also touched on prospects for enhancing commercial cooperation in areas such as crude oil, petroleum products, and liquefied natural gas (LNG), as well as exploring new opportunities to develop exchanges. Minister Arkab emphasized the importance of developing partnerships and investments in various energy sectors, particularly in the exploration and production of hydrocarbons, with the aim of increasing production, especially of natural gas. He also highlighted the need to intensify efforts in research and exploration.
The importance of cooperation in reducing methane emissions and minimizing carbon footprint was also stressed during the meeting. Minister Arkab invited Greek companies active in the energy sector to strengthen their presence and invest in Algeria, particularly in the oil and gas industry, and to take advantage of the facilities and benefits provided by the new legal frameworks governing investment and the energy sector in Algeria.
The parties also emphasized the need to encourage Greek companies and institutions to participate in Algerian energy projects, particularly in the local manufacturing of equipment and technology related to the oil and gas industry. This would contribute to the development of industrial and technological capabilities and open up new prospects for partnerships between Algerian and Greek institutions.
The visit by the Greek Parliament Speaker and his discussions with Minister Arkab reflect the commitment of both countries to strengthening their bilateral relations, particularly in the energy sector. This cooperation is seen as a key aspect of the historical friendship between Greece and Algeria. The two countries are working to expand their partnership in various areas, including energy, trade, and investment.
The meeting concluded with a reaffirmation of the importance of continued dialogue and cooperation between Greece and Algeria. Both parties expressed their commitment to further developing their relations and exploring new opportunities for mutual benefit. The visit by Nikitas Kaklamanis and his delegation to Algeria is seen as a significant step in strengthening ties between the two nations.
Key points
- Greek Parliament Speaker Nikitas Kaklamanis emphasizes the importance of strengthening cooperation with Algeria in the energy sector.
- Algeria and Greece aim to enhance commercial cooperation in areas such as crude oil, petroleum products, and liquefied natural gas.
- Minister Arkab invites Greek companies to invest in Algeria's energy sector, particularly in oil and gas.
