Qatar’s PIH Group Plans Deeper Algerian Energy Ties

Algeria has become a focal point for international investment, attracting attention from European, American, Saudi Arabian, and Qatari entities. This influx of interest is occurring as various global players seek stable markets amidst perceived instability in the Middle East. A high-level meeting recently took place on September 15, between Algerian Energy Minister Mohamed Arkab and Ramez El Khayat, CEO of Qatar's Power International Holding (PIH). The Qatari ambassador to Algiers also attended these discussions.

During the meeting at the Energy Department headquarters, the parties focused on enhancing the partnership between Algeria's Sonatrach and PIH's subsidiary, UCC Holding. Key areas of discussion encompassed oil, gas, transport, refining, petrochemicals, and broader commercial cooperation, specifically including liquefied petroleum gas (LPG) and various petroleum products. Minister Arkab presented Algeria's comprehensive hydrocarbon sector development program and underscored the supportive regulatory framework for foreign operators, particularly the hydrocarbon law which offers numerous advantages.

Minister Arkab extended an invitation to the Qatari group and its affiliates to participate in the forthcoming "Algerian Bid Round 2026," designed for the development of exploration fields and blocks. The Qatari representative expressed a strong desire to expand his group's investments in Algeria and collaborate with Sonatrach on high-value-added projects within the hydrocarbon sector. He also acknowledged the conducive investment environment Algeria offers to international operators. Both parties concluded with an agreement in principle for in-depth technical meetings with Sonatrach in the coming weeks, signaling a mutual commitment to swiftly materialize joint projects.