Algeria’s minister of energy and mines, Youcef Yousfi, said his country will gradually impose technology transfer on foreign companies who want to invest in the country.
“Our priority in the future for all sectors of activity is to work with partners who would assist us in the construction of facilities in Algeria mainly in oil and gas,” Yousfi told the Algerian government newswire APS in Canada where he is taking part in a business conference.
The Algerian minister stressed the necessity to have partnership in oil and gas industry to provide technology transfer and not only sale and purchase deals between partners.
The minister also asserted that this principle will be gradually imposed on investors in the oil and gas industry.
