Algerian, Venezuelan Oil Companies Agree To Boost Energy Cooperation

Algerian, Venezuelan Oil Companies Agree To Boost Energy Cooperation

ALGIERS, Mac 3 (NNN-APS) – Sonatrach and PDVSA, the state-owned energy companies of Algeria and Venezuela, respectively, inked two memoranda of understanding here on Friday.

The first memorandum aims to enhance collaboration between the companies in the energy sector, focusing on the exploration, extraction and production of hydrocarbons and petrochemicals, as well as, maintenance within the oil and gas industry.

The second involves training Venezuelan technicians and engineers, in hydrocarbon-related fields, through the Algerian Petroleum Institute under the supervision of Sonatrach.

These agreements precede the 7th Summit of Heads of State and Government of the Gas Exporting Countries Forum, taking place in Algiers.– NNN-APS

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