11 / 44
OAPEC Member Countries
11
natural gas and renewable
energy was also tackled in a
way to serve the interests of the
two countries.
HE Khebri hailed the
positive outcome of this
meeting clarifying that there
are many joint projects under
study in the field of fuels. He
hoped to reach tangible results
very soon.
It is worth mentioning that
CEPSA, which is fully owned
by IPIC, has been operation
for 29 years in Algeria. It is
one of the largest international
companies operating in the field
of oil in Algeria. The company
operates also in the vehicle
industry, with a production
capacity of 25,000 vehicles of
the German Mercedes Benz
brand. It is considered the
largest car-making project in
the Arab world that the UAE
has a stake in.
develoPing
CooPerAtion
between the two
CountrieS in All
ASPeCtS to Serve
mutuAl intereStS
Continued
ConSultAtionS
to Contribute
to reStoring
bAlAnCe to the
oil mArKet to
ACCePtAble levelS