Following a series of legislative reforms, the country has become an attractive location for energy investment for different sources. In a strategy to further develop the energy sector, national administration announced plans to offer oil and gas exploration blocks for the first time in a decade.
Wim Sarens, Sarens CEO, met with the Minister of Energy, Mohamed Arkab, on an official visit to solidify Sarens’s role as a key player in the region for the last twenty years, supporting strategic projects in the oil, gas, and infrastructure sectors.
Algeria has become an attractive country in terms of energy investment, from tenders for exploration in oil and gas fields to projects aiming at increasing renewable energy production, such as solar or wind. After a reform on its hydrocarbons law and fiscal conditions in recent years, large European companies have increased their investments in the country, which has, in turn, increased the oil and gas production, expecting a rise from the current 900,000 oil barrels per day to a new production record of 1.15 million oil barrels per day for this year.
The North African country also aims to diversify its energy sources and exports in an authentic transition, with other sources such as solar energy, the production of which is expected to increase with more tenders and with projects such as TAFOUK 1, targeting a production of 4 GW, which would represent a milestone in the country’s renewable energy production. SoutH2 Corridor project, for instance, intends to export hydrogen from Algeria to Germany through Tunisia, Italy, and Austria, ensuring energy security throughout that geographical area which will position Algeria as a reliable clean energy supplier at an international level.
To keep fostering this productive relationship, Wim Sarens, CEO of Sarens, together with Hamid Batata, Managing Director of Sarens Algérie, held a productive meeting with Mohamed Arkab, Minister of Energy, Mines, and Renewable Energies, during an official visit to Algeria. During the exchange, both sides stressed the importance of strengthening partnerships to support Algeria’s energy ambitions, including conventional and renewable energy projects. Sarens reaffirmed its willingness to contribute its global expertise in heavy lifting, engineering transport, and project logistics.
Sarens, world leader in heavy lifting, engineered transport and crane rental services, has been active in the African country for more than three decades. The company has collaborated with different projects in fields as diverse as oil, gas or key infrastructures, taking charge of multiple projects on various fields with their cutting-edge technology, such as the heavy transport and lifting work for a production unit in an ammonia and urea plant situated in the industrial zone of Arzew.
Sarens was also commissioned to lift the refinery's main column (530-C-021) for the Sonatrach oil company in in Sidi-Arcine, east of their Algiers refinery, or the collaboration with the Algerian Highway Agency (ANA) and the lifting a heavy bridge on one of Algiers’ main roads.
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Sarens is the global leader and reference in crane rental, heavy lift and engineered transportation services. With state-of-the-art equipment, value engineering, one of the world's largest inventories of cranes, transporters and special rigging equipment, Sarens offers creative and intelligent solutions to today's heavy lifting and engineering transport challenges.
With more than 100 entities in 65 countries operating without borders, Sarens is an ideal partner for small to large-scale projects. Sarens currently employs 5,000 highly qualified professionals who are ready to serve the needs of any client worldwide and in all market sectors. https://www.sarens.com/