Riyadh, Kingdom of Saudi Arabia – Minister of State, Minister of hydrocarbons and Mines, Mohamed Arqab, held discussions today in Riyadh with Prince Abdulaziz bin Salman bin Abdulaziz, the Saudi Arabian Minister of Energy, focusing on strengthening bilateral cooperation in the energy sector.
The meeting took place on the sidelines of the 21st session of the General Conference of the United Nations Industrial Development Organization (UNIDO). A statement released by the Ministry detailed the discussions, highlighting the commitment of both nations to exploring avenues for expanded collaboration.
During the bilateral talks, Minister Arqab and Prince Abdulaziz bin Salman bin Abdulaziz engaged in a comprehensive exchange of views on the current global energy landscape and the strategic importance of Algeria and Saudi Arabia’s partnership in ensuring market stability. They also discussed potential joint ventures and investments in various energy projects, including exploration, production, and renewable energy initiatives.
This meeting underscores the strong and enduring relationship between Algeria and Saudi Arabia, particularly in the crucial energy sector. Both countries recognize the mutual benefits of closer cooperation and are committed to working together to address shared challenges and opportunities in the global market.
The discussions are expected to pave the way for further engagements and concrete actions aimed at solidifying the energy partnership between Algeria and Saudi Arabia in the coming months. Details of specific agreements or initiatives resulting from the meeting were not immediately disclosed, but officials indicated that further announcements are anticipated following continued consultations.
The Ministry statement emphasized the importance of such dialogues in fostering a deeper understanding and alignment of interests between the two key players in the global energy market.
