According to an Elkhabar Daily report published on 18 August, Qatar is currently in talks with the Algerian government to construct a chemical power plant for Algiers in a bid to kick-start a potential partnership with state-run petroleum corporation Sonatrach.
Qatari news agency Doha News disclosed that Algerian Minister of Energy and Mines, Mohamed Arkab, met with the Qatari ambassador Abdul Aziz Ali Al-Nama in Algiers on 17 August to discuss the construction project details.
Arkab revealed to Elkhabar Daily that "Sonatrach is ready to work with Power International to achieve that project, which is part of Algeria's strategy to develop the industrial sector."
This recent development comes after Algeria implemented reformed hydrocarbon regulations designed to entice investors, improve processing mechanisms, and establish a longitudinal vision for the North African country that will boost the national economy and increase employment.
The report further disclosed that the next meeting between Qatar and Sonatrach will be organized in September. In addition, Qatar's ambassador to Algiers emphasized that numerous Doha-based companies are highly interested in investing in integral projects in Algeria, specifically in the sectors of exploration, manufacturing, research, and the petrochemical industry.
Sonatrach generates nearly $2 billion in sales annually and employs around 3,000 people. Sonatrach's petrochemical programs have also led several petrochemical construction projects, as well as consolidating partnerships with Turkiye, TotalEnergies, and a UK-Chinese consortium.
Since 2022, Qatar has sought to bolster relations with countries residing outside of the West Asian region in an attempt to diversify its economy and to alleviate the impact of the global energy crisis instigated by the imposition of western sanctions against Russia.
Last week, Qatar began its construction of 500,000 residential units in the northwestern Nigerian state of Kaduna as part of its Mega Economic City project.
Furthermore, Qatar and India reached the final stages of their Liquefied Natural Gas (LNG) agreement earlier this month, which would see Doha providing New Delhi with 1 million metric tonnes of LNG per year.
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