Algeria, Niger Seek to Enhance Energy Cooperation

Source: Algeria Times 1/27/2015, Location: Africa

Minister of Energy Youcef Yousfi brought up Monday with Niger's Minister of Oil and Energy, Foumakoye Gado, in Algiers, the development of energy cooperation between the two countries.

The meeting was held as part of a three-day state visit Niger's president, Mahamadou Issoufou, has paid to Algeria, leading a large delegation.

Discussions between the two ministers, at the Residence of State in Zeralda, Algiers, focused on the ways to promote cooperation between the two countries in oil, electricity and training in the petroleum field, Gado told reporters following his meeting with Yousfi.

Niger's official said his country was about to conclude a production-sharing contract with the national oil group Sonatrach, by the virtue of which the Algerian group's international subsidiary, SIPEX, will continue the exploration it has been undertaking for six years at the Kafra block, on the Algeria-Niger border.

A production-sharing contract will replace the oil and gas prospecting and exploration contract signed between Algerian SIPEX and Niger in 2005.

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

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