The National Oil Corporation participated today, Tuesday in Algeria, in the meeting of the fourth session of the executive directors of the African Organization of Petrol Producing Countries, to discuss the establishment of an African energy bank, with the purpose of financing investments in the field of oil and gas, opportunities for cooperation between member states and the future of the oil and gas industry in the African continent, as well as research For solutions to various challenges facing the industry.

The Chairman of the National Oil Council, Ben Gdara, spoke in a telephone conversation with the Executive Director of Sonatrach, Tawfiq Hakkar, and the Secretary General of the Organization of African Petrol Producing Countries, Omar Farouk, to exchange views and discuss cooperation between the two sides, and urged the company to lift force majeure and resume its exploration activity. According to the program stipulated in the EPSA 4.

According to the information office of the National Oil Company, 15 African delegations representing the National Oil Corporations in Africa, namely the “Republic of the Congo”, Benin, Chad, Ivory Coast, Sonahidok, Senegal, Cameroon, Equatorial Guinea, Nigeria, South Africa, Ghana, and Angola participated in this meeting.

It is indicated that the African Petroleum Producers Organization, which was established on January 27, 1987, in Lagos, Nigeria, is a space for meetings, exchange of ideas, cooperation and exchange of expertise and experiences among members within the framework of a unified continental cooperation.