ALGER- Algeria and the People’s Republic of Bangladesh signed a memorandum of understanding on Tuesday in Algiers, with a view to strengthening bilateral cooperation and developing partnership in the field of hydrocarbons, said a communiqué from the Ministry of Hydrocarbons.
The Memorandum of Understanding was initialled by the Minister of State, Minister of Hydrocarbons, Mohamed Arkab, and the Minister of Energy, Mineral Resources and Electricity of Bangladesh, Iqbal Hassan Mahmood, in the presence of the Ambassador of Bangladesh to Algeria, as well as the President of the National Agency for the Development of Petroleum Resources (ALNAFT), Abdelkader Cherfaoui, the President of the Petroleum Regulatory Authority (ARH), Amine Remini, and executives and officials of both parties.
This memorandum aims to establish a framework for cooperation between the two countries covering the various stages of the hydrocarbon value chain, including oil and gas exploration and production, the development of transport, processing, storage and marketing projects and infrastructure, as well as the examination of investment opportunities and the development of related infrastructure, adds the communiqué.
The areas of cooperation also include the provision of crude oil, refined petroleum products, liquefied petroleum gas (LPG) and liquefied natural gas (LNG) to the Bangladeshi market, as well as fertilizers such as urea, thus allowing for the exploration of new opportunities for commercial partnership and the strengthening of trade between the two countries.
In addition, the Memorandum of Understanding provides for the promotion of cooperation between the national companies and companies concerned, in particular the Sonatrach Group, through the exchange of experience and information, the conduct of technical studies and evaluations, the development of skills and vocational training, and the strengthening of cooperation in the exploration, production, processing and distribution of hydrocarbons.
In order to ensure the effective implementation of the clauses of the memorandum, both parties agreed to establish a joint steering committee to define cooperation priorities, to review and evaluate proposed projects, and to coordinate efforts between the relevant bodies of the two countries, thereby helping to transform the agreed areas of cooperation into concrete projects with economic added value.
Prior to the signing of the Memorandum of Understanding, Mr. Arkab received his Bangladeshi counterpart, who conducted a working visit to Algeria from 19 to 22 October 2026, in the presence of executives and officials from both sides, as well as representatives of Bangladesh’s oil, gas and mineral resources company “Petrobangla”, Bangladesh’s oil company “Bangladesh Petroleum Corporation” (BPC) and its liquefied petroleum gas subsidiary (LPGPLC), in addition to executives and officials from both sides.
Algeria stands ready to develop concrete and operational cooperation with Bangladesh
The meeting provided an opportunity to review the state of cooperation between Algeria and Bangladesh in the field of hydrocarbons and to examine ways to strengthen them and broaden their horizons, through the establishment of an operational and lasting partnership based on equality and mutual benefit, and the exploitation of the potential and expertise available to both countries, according to the Ministry.
In this context, the discussions focused on opportunities for the development of trade cooperation in the supply of hydrocarbons, in order to contribute to the diversification of sources of supply and the strengthening of the security of Bangladesh’s energy supplies, while opening up new horizons for trade between the two countries.
On this occasion, the Minister of State affirmed that Algeria, with its extensive experience in the field of hydrocarbons and its capabilities in the exploration, production, processing, transport and marketing of oil, gas and petroleum products, “reaffirms its readiness to develop concrete and operational cooperation with Bangladesh, able to meet the needs of both countries and to make use of their respective potentials and expertise”, the communiqué adds.
He also stressed the importance of transforming the areas of cooperation identified into projects and partnerships with economic added value, while intensifying exchanges between the Sonatrach Group and the Bangladeshi companies concerned, notably “PetroBangla”, “BPC” and “LPGPLC”.
In this context, the Minister of State stressed the importance of paying particular attention to technical cooperation, the exchange of expertise, training and the transfer of knowledge, in order to take advantage of the Algerian experience in the development of oil-related facilities and infrastructure and to strengthen the capacity of human resources, in addition to exploring opportunities for investment and cooperation in projects of common interest.
For his part, Mr. Iqbal Hassan Mahmood expressed his country’s interest in strengthening cooperation relations with Algeria, welcoming his expertise and position in the field of hydrocarbons.
It also reaffirmed Bangladesh’s desire to expand the bilateral partnership, in particular in the fields of gas and petroleum products supply, project development and related infrastructure, as well as the exchange of expertise and the use of Algerian capabilities, concludes the communiqué.