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"The file on the export of electricity goes back several years. The novelty in this case is that Algeria will go to the stock market to sell its surplus electricity to Tunisia and Morocco," the minister said during a press conference on the sidelines of his visit the Bouira. , while affirming that there was "trade in this area".
According to the details provided by Mr. Gutouni, Algeria has a capacity of 19,000 megawatts and a surplus of 9,000 megawatts in the winter.
"This surplus, we will market it, we must be prepared for this with the preparation of networks and the establishment of protective measures necessary to sell, provided it is placed on the market."
"The electricity exchange is in Spain, we will work to put ourselves in this stock market to sell our surplus electricity," said the same official, who continued in the morning to Ahnif (east of Bouira) for the distribution of gas stoves to schools.
During his meeting with the press, Guitouni said it was imperative for Algeria to diversify its economy and move towards non-hydrocarbon exports in order to free itself from oil revenues.
"We must free ourselves from oil revenues. We export 2 billion dinars without hydrocarbons, which is very important," he added. With regard to the fall in oil prices, he explained that this decline "arose from some geopolitical problems", counting on an oscillating price. between $ 60 and $ 65 per barrel in 2019.
To a press question related to the Saudi Minister of Energy's statement on this point of oil prices, Mr. Guitouni replied that "only OPEC is allowed to decide the price of oil."
"This is an organization that has proven itself and we will work to strengthen it in its prerogatives," he said.
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