Bouterfa Brende meetingALGIERS- Minister of Energy, Noureddine Boutarfa and Norwegian Foreign Minister Borge Brende examined on Tuesday in Algiers the business and investment opportunities and the means to boost bilateral cooperation, notably in energy, said a communiqué of the ministry.

Boutarfa has outlined the Algerian energy policy and the opportunities offered in oil and gas upstream sectors as well as in petrochemistry and processing industries.

In this regard, the minister insisted on Algeria’s willingness to further work "to better value its hydrocarbon resources and to exploit its mining resources in hydrocarbons."

He also presented some partnership projects which can be concluded in the renewable energy field in Algeria.Boutarfa invited the Norwegian companies and investors to bid for the 4.050 MWp solar photovoltaic project which to be achieved out in 3 lots of 1,350 MWp each.

The bidders are required to create a local manufacturing component in the same industry.

This project would be followed by another 3,000 MW wind energy project, the minister said, adding that these two projects in Algeria represent "a true vector of socio-economic development and a genuine opportunity to foresee successful business and investment opportunities in the African continent over the medium and long term."

In addition, the two ministers discussed the ongoing and future partnership projects between Sonatrach and the Norwegian oil company, Statoil, in particular in the exploration of petroleum perimeters and the offshore prospecting.
Brende said he was "very satisfied with the close cooperation relations between Algeria and Norway, especially in the energy field," the statement said.

The cooperation between Sonatrach and Statoil is "very important", said the Norwegian minister who also welcomed "the good business prospects between Algeria and Norway not only in the gas field but also in the wind and solar energy and offshore."

APS, 03/05/2017