Algiers – Algeria and Chad have formalized an agreement aimed at strengthening bilateral cooperation in the crucial sectors of hydrocarbons and mining. The accord was reached during a working visit to Algiers by Chad’s Minister of Petroleum, Mines and Geology, Ndolenodji Alixe Naïmbaye.
The official record of discussions, signed today in Algiers by Algerian Minister of State, Minister of Hydrocarbons and Mines, Mohamed Arkab, and Minister Naïmbaye, marks the culmination of a program designed to foster closer collaboration between the two nations in these vital industries. The Ministry of Hydrocarbons and Mines released a statement confirming the agreement.
This agreement signals a significant step forward in Algeria’s strategy to expand its partnerships across the African continent, particularly in the energy sector. Chad, rich in natural resources, represents a key partner for Algeria as it seeks to leverage its expertise and experience in hydrocarbon exploration and production.
The specifics of the agreement are expected to encompass a range of initiatives, including knowledge sharing, technical assistance, and potential joint ventures in exploration and development projects. Both countries stand to benefit from this enhanced cooperation, which promises to unlock new opportunities and drive economic growth.
Minister Arkab emphasized Algeria’s commitment to supporting Chad’s efforts to develop its mining and energy sectors, highlighting the potential for mutually beneficial partnerships that contribute to the prosperity of both nations. Further details regarding specific projects and initiatives are anticipated in the coming weeks.
