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