Introduction
The year 2021 is ending with drastic diplomatic developments in the Middle East and North Africa (MENA) region with Algeria-Turkey relations improving. This is following the announcement of Algeria’s Energy Minister, Mohammed Arkab, in October 2021 that the country will form a new partnership with Turkey in the energy and mining sectors, under Algeria’s new hydrocarbons regulations. The project’s total financial cost is $1.4 billion, with Renaissance Holding owning a 66 percent stake and Sonatrach owning 34 percent and it aims to produce polypropylene plastic to be used in several industries, including cars and textiles.