Algeria and Oman boost energy partnerships for industrial growth

Algeria is pushing to deepen its energy ties with Oman, prioritizing industrial projects that offer significant added value. Minister of State, Minister of Hydrocarbons and Mines, Mohamed Arkab, met with Cheikh Saad Suhail Bahwan, chairman of Oman's Suhail Bahwan Holding, in Algiers. Their talks focused on enhancing bilateral cooperation across the energy sector, including hydrocarbons, petrochemicals, and fertilizers, with a keen eye on Algerian interests and local investment prospects.

The meeting, attended by Oman's Ambassador to Algeria Saif Rashid Al-Badaai and ministry officials, aligns with Algeria's economic diplomacy strategy. This approach seeks to attract credible partners, bolster domestic value chains, and convert natural resources into sustainable industrial ventures. A key area of discussion involved the current cooperation between Sonatrach and Suhail Bahwan Holding, exploring avenues to expand their joint activities. Particular attention was given to fertilizer production, specifically ammonia and urea, which are vital for meeting domestic demand and increasing Algeria's export capacity.

Beyond mere agreements, Algeria aims for partnerships that anchor industrial activity within the country, generate skilled employment, and capture a larger share of the value derived from its hydrocarbon wealth. Both sides examined opportunities for Suhail Bahwan Holding to increase its investments in Algeria, supporting the government's drive to diversify foreign cooperation. The objective is to transform the bilateral relationship into a tangible driver of industrial growth.

Furthermore, discussions extended to potential collaboration between Sonatrach and Abraj Energy Services. This includes a memorandum of understanding to explore joint ventures in drilling, well maintenance, and specialized oilfield services. For Algeria, strengthening local expertise, improving operational control, and reducing reliance on external services are strategic priorities in the energy sector.