South Africa and Algeria Sign Gas Petroleum and Trade Agreements in 2013
What happened
In February 2013, President Jacob Zuma of South Africa visited Algeria, where he met with President Abdelaziz Bouteflika. During the visit, the two countries signed agreements covering the gas petroleum sector, nuclear energy, and sport. The talks also focused on strengthening bilateral relations between South Africa and Algeria.
From sanews.gov.za
Why it matters
The agreements reinforce economic ties between South Africa and Algeria, particularly in the energy sector. Algeria is a critical gas supplier to Europe, and these agreements could impact the stability and flow of that supply.
South Africa and Algeria sought to grow trade and build partnerships within Africa in 2016.
From sanews.gov.za
Who's involved
- South AfricaSigned agreements and sought to strengthen relations with Algeria.
- AlgeriaSigned agreements with South Africa on gas and trade.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- SonatrachSpeculative
Sonatrach might see its mandate boosted by the new gas and petroleum agreements.
- South AfricaSpeculative
South Africa could see its economic ties strengthened through the new gas and petroleum and trade agreements.
- AlgeriaSpeculative
Algeria could see its trade boosted by the new gas and petroleum and trade agreements with South Africa.
- EuropeSpeculative
Europe's energy security might be reinforced by the continued role of Algeria as a gas supplier.
Keep exploring
The entities involved
-
South Africa
country in southern Africa
- A collection of economic developments regarding South Africa's status (credit rating, FATF status, growth outlook) influenced by international bodies (World Bank, FATF, S&P Global) and geopolitical factors (Middle East conflict, Sub-Saharan Africa average).
- Standard Bank forecasts growth rates for South Africa, with an analyst addressing Western Cape exporters.
-
Algeria
country in North Africa
- Fincantieri and BAE Systems are expanding their strategic presence across North Africa, targeting modernization cycles in Algeria and Egypt.
- Algeria supports Polisario in Western Sahara, while Morocco claims sovereignty over the territory, alongside political updates involving Massad Boulos and Donald Trump.
Related events
- Algeria and the Pan-African Parliament discussed strengthening ties and advocating for fair African representation in global governance.
- AEC Executive Chairman NJ Ayuk urges African nations to increase oil and gas production to meet global energy demands.
- Agreements were ratified, opening new global markets and granting access to additional destinations for African entities.
- Algeria and Bangladesh signed an MoU for hydrocarbon cooperation.
- Algeria, Chad, and Niger are establishing new physical transit routes, including the Trans-Saharan Highway, while Nigerian gas is exported to Europe.