Algeria’s National Investment Development Agency is looking for investment from Japan to return into the country. The head of the agency, Abdelkrim Mansouri, said strict safety measures have been enacted since the hostage crisis at the In Amenas gas plant in January 2013 that left 10 Japanese dead.
Japanese companies like JGC Corp. have been active in Algeria’s oil and gas sector for a number of years but following the In Amenas attack left the country.
Mansouri is not only looking for Japanese firms for the oil and gas sector but also to aid the country in its renewable ambitions as it seeks to diversify its industrial infrastructure during a five-year plan that began this year.
Under the new plan, Algeria is aiming to expand manufacturing of renewable energy technology while also generating solar and other green energy with an eye toward exporting it to Europe.