Russia reinforces its cooperation with Algeria and Ghana in the field of energy

7 October 2010

Russian president Dmitri Medvedev is currently on an official visit to Algeria with a delegation of businessmen, in order to reinforce cooperation between the two countries.

In 2001, Algeria and Russia signed a "Strategic partnership declaration".

According to the APS press agency, the Russian authorities declared that they wish to promote cooperation in the hydrocarbons sector, but also to give Algeria the benefit of their experience in the domain of space and nuclear power.

Last Tuesday, the Russian energy minister, Sergei Chmatko, also declared that Russia wants to cooperate with Ghana in the hydrocarbons sector.

"We regard Ghana as a partner of the Russian Federation on the African Continent. It is of huge interest to Russian natural gas companies. An energy joint venture could profit both parties", he pointed out, quoted by the Rianovosti press agency.

The Russian oil group Lukoil has therefore announced its intention to invest 200 million dollars in an exploitation project in Ghana, the Cape Three Points Deep Water block.

Categories: Water, Energy

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