President of RussNeft Becomes Chairman of the Russian Sector of Russian-Algerian Business Committee
President of RussNeft Mikhail Gutseriev has become Chairman of the Russian sector of Russian-Algerian Business Committee. This decision was made at the first meeting of the Russian sector of the Committee in Moscow. According to M.Gutseriev, the cooperation between the two states was going to develop practically in all the directions, however oil and gas industry, agriculture, construction, as well as trade and tourism were going to be priority ones. He pointed out that in the nearest future the Business Committee was expected to be in from 5 to 10 joint projects in each of the participating countries.
Algeria ambassador to RF Amar Abba informed in his turn that in Algeria there had been developed a plan of privatization of some 1000 enterprises in various branches of the local economy, in which process foreign company would be admitted. He noted however that oil and gas enterprises were not subject to privatization and participation of foreign companies in oil and gas projects could be possible only in the context of the Product Sharing Agreement.
As President of the RF Chamber of Commerce and Industry Eugene Primakov pointed out in the nearest month the draft plan of the Committee activities for 2006 would be made. He also expressed hope that the Algerian members of the Committee would be appointed as soon as possible which would enable the body to start its work.
Presently in the oil and gas sector of Algeria operate some of Russian companies such as Stroitransgaz, RussNeft, Soyuzneftegaz.
As President of the RF Chamber of Commerce and Industry Eugene Primakov pointed out in the nearest month the draft plan of the Committee activities for 2006 would be made. He also expressed hope that the Algerian members of the Committee would be appointed as soon as possible which would enable the body to start its work.
Presently in the oil and gas sector of Algeria operate some of Russian companies such as Stroitransgaz, RussNeft, Soyuzneftegaz.
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