Hydrocarbons in Algeria: memorandum of understanding signed with Bangladesh (communique)
According to Radio Algerienne, Algeria and Bangladesh signed a memorandum of understanding on cooperation and partnership in hydrocarbons.
In short
According to Radio Algerienne, citing a communique of the Ministry of Hydrocarbons, Algeria and Bangladesh signed a memorandum of understanding in Algiers on Tuesday. It aims to set a cooperation framework across the hydrocarbons value chain. It also covers the review of investment opportunities.
Key points
- Memorandum of understanding signed in Algiers on Tuesday by Algeria and Bangladesh.
- Field concerned: hydrocarbons.
- Cooperation framework across the stages of the value chain.
- Review of investment opportunities and related infrastructure.
What the communique says
According to Radio Algerienne, the Ministry of Hydrocarbons states that Algeria and the People's Republic of Bangladesh signed a memorandum of understanding in Algiers on Tuesday.
The stated aim is to strengthen bilateral cooperation and develop partnership in hydrocarbons.
Areas covered
According to the same dispatch, the memorandum sets a cooperation framework between the two countries across the stages of the hydrocarbons value chain.
- Exploration and production of oil and gas.
- Projects and infrastructure for transport, processing, storage and marketing.
- Review of investment opportunities and development of related infrastructure.
Who initialled the text
According to Radio Algerienne, the memorandum was initialled by the Minister of State, Minister of Hydrocarbons, and by Bangladesh's Minister of Energy, Mineral Resources and Electricity.
For foreign investors
According to Radio Algerienne, the memorandum links Algeria with the People's Republic of Bangladesh and provides for the review of investment opportunities across the hydrocarbons chain.
Frequently asked questions
What does the memorandum between Algeria and Bangladesh provide?
According to Radio Algerienne, it sets a cooperation framework across the stages of the hydrocarbons value chain, from exploration to marketing.
Does the memorandum cover investment?
According to Radio Algerienne, it provides for the review of investment opportunities and the development of related infrastructure.
Who can handle this procedure in Algeria?
UpGrowth, based in Algiers (Birkhadem), supports Algerian and foreign companies with entering Algeria without travelling (soft landing). Contact: https://www.upgrowth.dz/contact?service=soft-landing.