Oman Sovereign Wealth Fund In Preliminary Pact With Algeria For Investment Fund
May 10th, 2025

Via Reuters, a report on the preliminary pact between Oman’s sovereign wealth and Algeria for a new investment fund:

The Oman Investment Authority signed a preliminary agreement with Algeria’s Finance Ministry to establish an investment fund worth 115 million Omani riyals ($298.79 million).
The fund announced by the sultanate’s sovereign wealth fund will focus on mining, food security and pharmaceutical industries, according to a statement by the OIA.

The Reuters Power Up newsletter provides everything you need to know about the global energy industry. Sign up here.

The agreement was signed on the sidelines of an official visit by Oman’s Sultan Haitham bin Tariq al-Said to the North African country.
Several agreements were signed during the visit, including a term sheet between Algeria’s state oil and gas firm Sonatrach and Oman’s oil and gas drilling services firm Abraj Energy Services to evaluate setting up a joint venture for oil services.
The term sheet outlines the technical, legal and economic and commercial conditions to evaluate establishing an oil services joint venture company in Algeria between the two companies, Sonatrach said in a statement on Monday.
The joint venture will focus on drilling, well services and management of integrated projects in the Algerian market, according to the statement.

This entry was posted on Saturday, May 10th, 2025 at 11:46 am and is filed under Algeria, Oman.  You can follow any responses to this entry through the RSS 2.0 feed.  Both comments and pings are currently closed. 

Comments are closed.


ABOUT
WILDCATS AND BLACK SHEEP
Wildcats & Black Sheep is a personal interest blog dedicated to the identification and evaluation of maverick investment opportunities arising in frontier - and, what some may consider to be, “rogue” or “black sheep” - markets around the world.

Focusing primarily on The New Seven Sisters - the largely state owned petroleum companies from the emerging world that have become key players in the oil & gas industry as identified by Carola Hoyos, Chief Energy Correspondent for The Financial Times - but spanning other nascent opportunities around the globe that may hold potential in the years ahead, Wildcats & Black Sheep is a place for the adventurous to contemplate & evaluate the emerging markets of tomorrow.