Mohamed Arkab, Algerian Minister of State and Minister of Hydrocarbons and Mines, emphasized that the signing of the memorandum between SOMIPHOS and Pupuk Indonesia was aimed at strengthening economic partnerships with friendly countries, particularly in strategic mining sectors.

Jakarta (Indonesia Window) – Algerian Minister of State and Minister of Hydrocarbons and Mines, Mohamed Arkab, presided on Tuesday (Jan. 20) over the signing ceremony of a memorandum of understanding between the Algerian Phosphate Mines Company (SOMIPHOS), a subsidiary of the Sonarem Group, and Pupuk Indonesia.

This memorandum aims to establish a framework for cooperation and partnership between the two parties in order to study and develop opportunities for collaboration in the phosphate sector.

This includes assessing the possibility of supplying Pupuk Indonesia with Algerian phosphate, as well as exploring opportunities for joint investment in phosphate mining and processing activities in Algeria, and developing projects related to phosphate-derived products.

The memorandum of understanding also provides for conducting joint preliminary studies to assess the technical and economic feasibility of potential projects, exchanging relevant data and information, and exploring prospects for cooperation in the early stages of phosphate processing industries.

These efforts are aimed at creating added value and strengthening industrial integration.

 The memorandum is valid for a period of eighteen months and is renewable by agreement of both parties.

During this period, regular meetings will be organized to monitor the progress of discussions and studies, with the possibility of concluding subsequent implementation agreements that precisely define the rights and obligations of each party, in accordance with the laws and regulations in force in both countries.

On this occasion, Mohamed Arkab emphasized that the signing of this memorandum falls within the directives of the President of the Republic aimed at strengthening economic partnerships with friendly countries, particularly in strategic mining sectors.

He noted that the phosphate sector is considered a key pillar in diversifying the national economy, developing processing industries, and creating added value.

He also highlighted the importance of this partnership in supporting Algerian–Indonesian cooperation, promoting productive investments, and transferring expertise and technologies in a way that serves the shared interests of both countries.

This cooperation is expected to contribute to strengthening food and industrial security in the medium and long term, the source added.

 For their part, officials from Pupuk Indonesia expressed strong interest in Algeria’s mining potential and the opportunities offered by cooperation with SOMIPHOS and the Sonarem Group.

They affirmed their readiness to move forward in studying practical and sustainable partnership projects in the field of phosphate and fertilizer production.

Reporting by Indonesia Window