Türkiye and Algeria to start joint oil and gas exploration company

Türkiye and Algeria will establish a joint oil and natural gas exploration company to operate in countries around the region, especially in Algeria, Turkish minister of energy and natural resources Fatih Donmez said.

Both countries reached a consensus on the establishment of a joint company between Sonatrach, the national oil and gas company of Algeria, and Turkish Petroleum, Donmez told Anadolu Agency.

Donmez, who attended the 2nd Algerian Investment Conference as the guest of honor, discussed new bilateral steps in the fields of energy and mining with his Algerian counterpart, Minister of Energy and Mining Mohamed Arkab.

They both agreed to encourage and support the joint work and existing joint ventures between the two countries and the establishment of the new company.