Giant mining move from Turkey!

Fatih Dönmez, Minister of Energy and Natural Resources, discussed relations in the fields of mining, energy and economy with Mohammed Arkab, Minister of Energy and Mines of Algeria.

After the bilateral meeting, Minister Dönmez and his Algerian counterpart Arkab held a press conference.

At the meeting held at the Algerian Ministry of Energy and Mines, Dönmez emphasized that the economic, commercial, political and cultural cooperation between Turkey and Algeria has gained great momentum, and that the will and determination of the two countries to develop these relations both at the level of governments and business people continues. he said he did.

Reminding that he and his counterpart also serve as the co-chairs of the Joint Economic Commission (KEK) between the two countries, Dönmez said, "In other words, we evaluate not only the energy and mining fields but also other economic issues together. We have such a responsibility and duty." said.

Dönmez stated that the increasing trade volume between the two countries is pleasing and noted that this trade volume will reach the level of 5 billion dollars by the end of the year.

Emphasizing that the leaders of the two countries have directives to increase the trade volume to the level of 10 billion dollars, Dönmez said, "This means that both governments and the private sector will at least double their current performance." used the phrases.

Dönmez stated that energy will constitute the most important share of the targeted trade volume and noted that they reached a consensus with his Algerian counterpart on this issue.

Emphasizing that Algeria is the representative of development, development and stability in its region, Dönmez said that they will work to develop these relations at the regional level as well.

TURKEY-ALGERIA JOINT MINING COMPANY

On the other hand, Algerian Minister of Energy and Mines Arkab stated that they discussed the development and implementation of all the projects decided in the KEK, and that they also discussed projects in the field of petroleum and petroleum products and mining.

Arkab said, "Tomorrow, the ways of establishing an Algerian-Turkish joint company, which will be a first in the field of mine and mine development, will be discussed between the Algerian National Geology and Mineral Development Agency (ANGCM) and the Turkish Mineral Research and Exploration Agency (MTA). said.

Emphasizing that there are strong relations between Sonatrach, the Algerian national oil and gas company, and BOTAŞ, Arkab said that they also discussed the issue of the extension of contracts between Sonatrach and BOTAŞ with his Turkish counterpart.

Arkab emphasized that Turkish companies also evaluated the possibilities of making joint investments in the hydrocarbon sector with Sonatrach and said that they are pleased to partner with Turkish companies.

Minister Dönmez, who attended the 2nd Algerian Investment Conference held in the capital Algeria today as the guest of honor, met with Turkish business people residing in Algeria.