Algeria Seeks Stronger Ties with China

Algeria is seeking to strengthen its business ties with China. Algerian government asked Chinese companies to take part to the fourth call for tenders on the exploitation of hydrocarbons in the country. 

‘Energy Minister Youcef Yousfi has invited Tuesday Chinese companies to get further involved in the achievement of the national energy development programme and to participate in the fourth call for tenders on the exploitation of hydrocarbons,’ reads a note released on Tuesday. 

Chinese Ambassador to Algeria Yang Guangyu is reported as supporting a strategic partnership in the hydrocarbon sector. In particular, agreements on drilling equipments seem the most likely.  

‘The two sides also examined the possibility of creating a joint venture in the manufacturing of drilling equipment, as well as the project of pneumatic production under consideration between a Chinese firm and the national hydrocarbon company Sonatrach.’ 

The note does not clarify when the call for tenders will take place.