The year 2021 is ending with drastic diplomatic developments that have improved Algeria-Turkey relations. In the aftermath of Algerian Energy Minister Mohamed Arkab's call to form a new partnership with Turkey in the energy and mining sectors under Algeria's new hydrocarbon regulations, relations in the field of energy have gained momentum. The total cost of the bilateral project stands at around $1.4 billion (TL 13.35 billion). Turkey's Renaissance Holding, which is considered one of the world's largest international construction companies, owns a 66% stake, while Algeria's national state-owned oil company Sonatrach owns 34%. The project aims to produce polypropylene plastic used in several industries, including cars and textiles.
The strengthening strategic partnership between Ukraine and Turkey is vital for Black Sea security and offers a model for greater NATO engagement in the region, writes Ukrainian Minister of Foreign Affairs Dmytro Kuleba.