Turkey and Algeria create oil & gas exploration company

12:57 - 11.11.2022


November 11, Fineko/abc.az. Turkey and Algeria will create a joint oil & natural gas exploration company. The joint venture will be created by the efforts of the Algerian state oil & gas company Sonatrach and Turkish oil company Turkish Petroleum (TP).

ABC.AZ reports with reference to Anadolu that the relevant statement was made by Turkish Minister of Energy & Natural Resources Fatih Donmez following the meeting with his Algerian counterpart Mohammed Arkab in Algeria.

Stressing that Turkey and Algeria will create a joint oil & natural gas exploration company, Minister Donmez noted that they have reached consensus on the creation of a joint company between Algerian national oil & gas company Sonatrach and Turkish Petroleum (TP), and they jointly carry out their oil and gas exploration activities.