Iranian Petroleum Minister sheds light on close oil, gas cooperation between Tehran, Algiers

November 21, 2021

Tehran (IRNA) - Congratulating the selection of Algeria to chair the Forum of Gas Exporting Countries (GECF), the Iranian petroleum minister highlighted the close cooperation between Tehran and Algiers within the framework of GECF and OPEC.

Tehran (IRNA) – Congratulating the selection of Algeria to chair the Forum of Gas Exporting Countries (GECF), the Iranian Petroleum Minister highlighted the close cooperation between Tehran and Algiers within the framework of GECF and OPEC.

In his message to Algeria’s representative at GECF, Javad Owdji wrote: “Algeria and Iran, as always, will continue to work closely together within the framework of GECF and OPEC; I had constructive talks with my Algerian counterpart and I assume this cooperation will bear good results. »

The Gas Exporting Countries Forum (GECF), created in 2008, is an international governmental organization that provides a framework for the exchange of experiences and information between member countries. The GECF is made up of the world’s major gas exporting countries and was established as an international government organization with the aim of increasing the level of coordination and further strengthening collaboration among member countries.

The GECF also seeks to set up a mechanism for a more meaningful, in-depth and intensive dialogue between gas producers and consumers for the sake of the stability and security of supply and demand on the world’s natural gas markets.

The member countries of the Forum are: Algeria, Bolivia, Egypt, Equatorial Guinea, Iran, Libya, Nigeria, Qatar, Russia, Trinidad and Tobago and Venezuela. Angola, Azerbaijan, Iraq, Malaysia, Norway, Peru and the United Arab Emirates have the status of observer members.

GECF occupies a strong position in global energy markets and among international energy organizations. Together, the coalition represents 70% of proven gas reserves, 44% of its marketed production, 52% of gas pipelines and 51% of LNG exports worldwide.

Noting that the advisor to the Algerian Minister of Energy and Mines, Mohamed Hamel, was elected the new Secretary General of the Forum of Gas Exporting Countries (GECF).

“He was elected, on Tuesday, November 16th, 2021, during the 23rd Ministerial Meeting of the Forum, in which the Minister of Energy and Mines, Mohamed Arkab took part by videoconference”, reported APS citing the Ministry of Energy.

“The candidate from Algeria has benefited from the support of several GECF member countries,” pointed out the same communiqué.

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