India, Algeria Strengthen Strategic Energy & Mining Ties

• Algeria and India discussed expanding cooperation in hydrocarbons and mining
• Both sides explored investment opportunities in oil and gas exploration
• The meeting highlighted collaboration in phosphate development and fertilizer production

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At a meeting, the Minister of Energy and Mines of Algeria, Mohamd Arkab, and the Ambassador of India to Algeria discussed ways to enhance bilateral cooperation and make great strides in developing the respective countries within the oil, gas and mining sectors.

As such, the discussions are part of a larger effort to enhance Algeria's economy and develop additional trade and investment relations with all parts of India through strengthening already established diplomatic relations through the formation of new economic and industrial partnerships.

The energy sector of Algeria was discussed in detail during the meeting. Both representatives reviewed a variety of potential investments regarding Algeria's Energy Sector. One area of interest for both countries includes developing the upstream sector of Oil & Gas exploration and production, as well as exploring the downstream market for Petrochemicals.

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The two Officials discussed many opportunities available for constructing Energy Infrastructure, developing Industrial Engineering & Manufacturing Equipment for the Oil & Gas Industry, where India has been investing heavily in Technology and Industrial Development.

The primary topic of discussion was the mining sector and especially phosphates, including the processing and production of phosphates. Both governments expressed a shared interest in working together in the transformation of phosphates and also increasing the production of phosphate-based and nitrogen-based fertilizers. Both of these sectors are important parts of the continuing diversification of Algeria's economy and support India's growing agricultural sector.

The Indian Ambassador reiterated that more Indian businesses are becoming interested in the opportunities in Algeria and are interested in participating in both ongoing projects and future projects, indicating the commitment that India has towards creating a strong mutual partnership between the two countries as well as creating a partnership that supports economic growth for both countries.