Russia and Algeria have entered into the agreement to create the Russian-Algerian Business Council which will function under the aegis of the Commerce and Industry Chambers of the two countries. The press-service of RussNeft reported that the document was signed by Kamel Abdel Rahim, the Co-Chairman of the Council to act on behalf of the People’s Democratic Republic of Algeria, and President of Oil Company RussNeft OAO Mikhail Gutseriev, the Co-Chairman of the Council to act on behalf of the Russian Federation.
The signing procedure took place during the official visit of Russia’s businessmen to Algeria. The visit had been agreed upon at Moscow meeting on January 20th when Mikhail Gutseriev was elected Russia’s Co-Chairman of the Council. The mission of the delegation represented by Russia’s leading energy, financial, construction and transport companies is to establish business dialogue between the two countries, to obtain more information about Algeria, to discuss specific investment projects and to promote diversification the goods turnover between the countries.
