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US Companies Interested in Algerian Market

Source: Algeria Times 6/2/2014, Location: Africa

US companies are interested in the exploitation of unconventional hydrocarbons in Algeria, said in Algiers US Secretary of Energy Ernest Moniz.

"Our companies are interested in the Algerian market because they have an extensive experience in the exploitation of shale gas and oil, which enabled us to achieve and economic boom and energy independence. I hope that the expertise acquired over the past years will be also used in Algeria," he said at the end of his meeting with Minister of Energy Youcef Yousfi.

The US Secretary of Energy also underlined the "huge investment opportunities in the sector of energy in Algeria for American businessmen."

"We should not neglect the offshore oil and gas exploration (...) many firms are operating in this field, especially in the Gulf of Mexico and their experience can be beneficial in Algeria where the water depth is almost similar," he added.

Moniz, who visited the 47th International Fair of Algiers, said to be "impressed" by the quality of the exhibited products, hoping that this trade show will help "further develop cooperation between the United States and Algeria in energies, hydrocarbons and other areas with huge opportunities for the two countries.

For more information about related Opportunities and Key Players visit Algeria Oil and Gas Projects

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Related Categories: Coalbed Methane  General  Heavy Oil  Methane Clathrate  Oil Sands  Oil Shale  Shale Gas  Tight Gas  Tight Oil 

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