Moscow beats out Madrid and Brussels for Algerian energy resourcesAbdelmadjid Tebboune, the Algerian President is currently on a state visit to Russia, that is expected to culminate in the signing of an “Expanded Strategic Partnership” between the two countries. Algeria could become Russia’s outpost in North Africa and a partner in the global gas market. So, the gas pipeline from Algeria to Spain via Morocco has ceased to function as an export route to Europe; only an underwater pipeline from Algeria to Europe remains. Russia also has proposals for Algeria on nuclear energy and agriculture.”Current Russia-Algeria bilateral trade is worth about US$1.65 billion with the vast majority of that being Russian exports to Algeria, although that, in light of enhanced energy cooperation, may change. Currently, Russian exports have focused on Navigation Equipment, Soybean Oil and Broadcasting Accessories.

Source: The North Africa Journal June 15, 2023 17:35 UTC