Energy Capital & Power

SLB to Increase Investments in Algeria

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SLB. ALGERIA. INVESTMENTS. OIL SERVICES

Global oilfield services firm, SLB, announced plans to expand activities in Algeria during a meeting held between Tarek Rizk, President: Middle East and North Africa at SLB, and Algeria’s Minister of Energy and Mines Mohamed Arkab this week.

Already active in the country, SLB is looking at expanding its presence by channeling new investments into projects. According to Rizk, “SLB also intends to provide the latest solutions and technologies to contribute to the achievement of Algeria’s oil and gas targets.”

In addition to technology, the company will offer support for local content initiatives as well as startups across the country’s energy market.

During the meeting, Minister Arkab highlighted the significance of collaboration with SLB to enhance the adoption of digital solutions for sustainable development and the efficient management of Algeria’s oil and gas resources. The two parties also delved into prospective collaborations, including partnerships on emissions reduction solutions between SLB and Algeria’s National Oil Company Sonatrach.

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Nicholas Nhede

Nicholas Nhede

Nicholas is an energy sector journalist with a passion on how technology and diversification of the energy mix can be used to address energy sector challenges. Nicholas holds a diploma in Journalism and Communication studies and has been covering energy-related topics including the Internet of Things, distributed energy and digitalisation since 2015.

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