Features of an Anticipated Strategic Chinese Project in Algeria

Algeria is discussing with the Chinese steel group (China Baowu Group) opportunities for establishing an industrial and investment partnership to implement a comprehensive project for the production of low-carbon direct reduced iron and green steel in Algeria. According to a statement from the Ministry of Energy, the Minister of State, Mohamed Arkab, received on Tuesday a delegation from the Chinese group 'Baowu', one of the largest steel producers in the world, at his ministry's headquarters, in the presence of the CEO of SONATRACH, Nourredine Daoudi, and officials from the ministry and SONATRACH, along with representatives of the national iron company. During the meeting, both parties reviewed cooperation opportunities in several areas, particularly in developing low-carbon emission iron and steel industries, and adopting the latest...