Iran and Algeria discuss LNG cooperation

Nov 28, 2006 01:00 AM

Minister of Petroleum Seyed Kazem Vaziri Hamaneh met with his Algerian counterpart and discussed bilateral cooperation, especially in the field of gas and liquefied natural gas (LNG). During the meeting with Chakib Khelil, the Iranian minister stated that an expert group will be dispatched to Algeria to discuss liquefied natural gas production with that country’s officials.
“We also discussed oil and gas cooperation between the two states,” he noted.

President Mahmoud Ahmadinejad received Khelil and emphasized that Iran and Algeria as two important Islamic countries, shoulder important international responsibilities.
"Expansion of cooperation in various fields would secure the interests of the two nations, that of the Islamic world, and would lead to improving he status of international peace and security." The president received a written message from his Algerian counterpart.
"The Islamic Republic of Iran is ready to present its experience in various fields, including peaceful nuclear technology, with our Algerian brethren," he noted.

The Algerian minister referred to the important role played by Iran and the noticeable achievement of the Islamic Republic in various fields, saying, "Taking advantage of nuclear energy for peaceful purposes is absolute right of any country." He also asked the Iranian president for transfer of its experiences in various fields, including oil, gas, and nuclear energy to Algeria.
Chakib Khelil pointed out that the Iranian firms have been very successful in pursuing their projects in Algeria, adding, "Algiers is ready to expand the level of our vast joint cooperation, in order to secure both nations' interests."

Hamaneh added that Algeria has a lot of experience with regard to gas production and LNG export, but concluding an agreement or contract needs more time.
“Algeria is planning to establish installations similar to South Pars on its soil and Algerian energy minister will visit South Pars installation to know about Iran’s experiences,”he said.
The meeting was attended by Iran’s OPEC governor, Hossein Kazempour Ardebili, and Javad Yarjani, head of OPEC and relations with international energy organizations department at the Ministry of Petroleum.

Algeria is a permanent OPEC member which produces about 1.4 mm bpd crude oil. The country’s proven crude oil reserves amount to 11.8 bn barrels in addition to 160,000 bn cf natural gas.
Algeria is the most important exporters of hydrocarbon resources to Europe and is the second producer of liquefied natural gas, which aims to increase its output from 60 bn cf to 85 bn cm in 2010.

Source: PIN
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