APS : Saturday, 14 May 2022
ALGIERS-The Minister of Energy and Mines, Mohamed Arkab stressed Friday in Sorrento (Italy) where he took part in the International Forum ” Towards the South: the European strategy for a new geopolitical,
economic and socio-cultural season in the Mediterranean” the determination of Algeria to consolidate its role as a “reliable supplier” of hydrocarbons, the ministry said in a statement.
Arkab, accompanied by a delegation composed of the CEOs of Sonatrach and Sonelgaz, took part in the work of this forum with a delegation from the Ministry of Foreign Affairs, led by Abdelkrim Harchaoui, special envoy for economic diplomacy, said the same source.
This international event organized by the Italian Ministry of the South and Territorial Cohesion and European House – Ambrosetti, was also attended by the President of the Republic, Sergio Mattarella, the President of the Chamber of Deputies, Roberto Fico, as well as the Prime Minister, Mario Draghi, many ministers of the Italian government, and several decision-makers from the political, economic and academic world.
Arkab stressed “the key role of the energy sector and mining as an engine of economic development and the importance of cooperation in the hydrocarbon sector in the region.”
Energy and mining is a sector “open to investment” through incentive legislation and offers many opportunities for partnership in many areas.
He also highlighted “the efforts made by Algeria to develop the hydrocarbons chain capacity through significant investments that are part of an approach to consolidate the role of Algeria as a reliable supplier that ensures a safe and continuous supply,” said the ministry.
The minister emphasized the “commitment of Algeria to a gradual energy transition” through the diversification of large existing energy sources and the integration of low carbon footprint energy in the energy mix such as renewable energy and hydrogen.
The same official underscored “the need to strengthen energy links between countries on both sides of the Mediterranean to meet common challenges related to the climate emergency and provide new economic and trade opportunities, new wealth and new jobs.”
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