APS : Tuesday, 13 February 2018
ALGIERS – Minister of Energy Mustapha Guitouni evoked, in Cairo at 2nd Egypt Petroleum Show, the need for forging partnerships in order to foster the economic fundamentals of the energy and oil industry,
said a communiqué of the ministry.
Guitouni took part in a ministerial panel on “Inspiring, leading and creating opportunities that will transform the global energy landscape” alongside Energy Ministers of Egypt, Venezuela and South Africa.
During the discussions, the participants spoke about topics related to the need to implement partnerships likely to foster the economic fundamentals of the energy and oil industry and create wealth and sustainable development.
Guitouni, as for him, outlined the energy investment opportunities provided in Algeria as well as the efforts made to improve the business climate and stimulate entrepreneurship, added the source.
Moreover, the minister spoke about the lasting uncertainties and the volatilities in oil and gas market, which shook up the global economic fundamentals.
In this regard, he evoked the need to give visibility to the producing and consuming countries, and to maintain the efforts made by the OPEC and non-OPEC countries to stabilize the markets and balance at the medium and long term.
Algeria, under the leadership of President of the Republic Abdelaziz Bouteflika, has always played an active role in all the spaces of dialogue and consultation, which helped the conclusion Algiers Agreement in September 2016 and thus restore confidence to markets by giving the companies the possibility to plan new investments in oil and gas upstream and downstream industries.