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Photo taken on June 28, 2021 shows the industrial estate of Saudi oil giant Aramco in Dammam, Saudi Arabia. (Xinhua/Hu Guan)

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Algerian, Venezuelan oil companies agree to boost energy cooperation

ALGIERS, March 1 (Xinhua) — Sonatrach and PDVSA, the state-owned energy companies of Algeria and Venezuela respectively, inked two memorandums of understanding here on Friday, the official APS news agency reported.

The first memorandum aims to enhance collaboration between the companies in the energy sector, focusing on the exploration, extraction and production of hydrocarbons and petrochemicals, as well as maintenance within the oil and gas industry.

The second involves training Venezuelan technicians and engineers in hydrocarbon-related fields through the Algerian Petroleum Institute under the supervision of Sonatrach.

These agreements precede the 7th Summit of Heads of State and Government of the Gas Exporting Countries Forum scheduled for Saturday in Algiers. 

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