Platts: Russia, Algeria Agree to Boost Cooperation in Oil, Gas Sectors

Russia and Algeria Friday agreed to expand cooperation in the energy sector.

The move comes as contacts between Russia and other major oil and gas producers have intensified recently against the backdrop of falling oil prices and general volatility in the market.

At present, there is a limited number of joint oil and gas projects between companies from the two countries, and the two have agreed to intensify efforts to expand this cooperation, Russian energy minister Alexander Novak said after a meeting of the Russia-Algeria intergovernmental commission in Moscow.

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