Indonesia + Algeria sign agreement to expand energy + mining cooperation:Indonesia’s Foreign Minister Retno Marsudi signed an MoU with her Algerian counterpart Ahmed Attaf to expand joint investments in energy and mining cooperation, including renewables, Indonesian news outlet Jakarta Globe reported on Thursday citing a joint press statement. The two are also looking to diversify partnerships in the electricity, agriculture, and fisheries sectors, Attaf said in the statement, which came at the conclusion of a bilateral meeting between Marsudi and Attaf, held in Algiers.

The investment ticket will be USD 900 mn by 2048: Indonesian state-owned oil and gas firm Pertamina will invest around USD 900 mn in Algeria’s energy sector by 2048, some of which will be allocated to decarbonization projects, Marsudi added in the presser.

Pertamina has solid ties in the Gulf: In February,Masdar acquired an undisclosed stake in Pertamina subsidiary Pertamina Geothermal Energy.Last month, Pertamina's Masdar-backed geothermal arm signed an agreement with the UAE's Mubadala Energy to explore potential geothermal energy projects. Pertamina also partnered with Aramco last year to individually conduct feasibility studies on the creation of a hydrogen and ammonia value chain.

ALSO- Algeria submitted an application to join the ASEAN bloc: Algeria has submitted an official application to join the Association of Southeast Asian Nations (ASEAN) under its Treaty of Amity and Cooperation, Asharq Al Awsat reported last week. Indonesia hosts the headquarters of the Southeast Asian bloc, and holds the current chairmanship which rotates annually. If approved, Algeria would benefit from the bloc’s carbon neutrality strategy, which it said could help unlock up to USD 6.7 tn in green investment regionally by 2050.

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