Algeria's state-owned energy company, Sonatrach, has signed a memorandum of understanding (MoU) with Thailand's PTT Exploration and Production Company Limited. The agreement aims to explore cooperation opportunities in areas of mutual interest, including investment in hydrocarbon exploration and production in Algeria and internationally. The MoU was signed on the sidelines of the 14th edition of the Africa and Mediterranean Energy and Hydrogen Conference and Exhibition, NAPEC 2026, in Oran, Algeria.
The MoU covers various areas, including innovation, energy transition, and modern technologies. This will enable both companies to explore new cooperation opportunities and exchange expertise in energy-related fields. Sonatrach's CEO, Noureddine Dahoudi, and PTT Exploration and Production's Managing Director, Kanita Thanyata Sagttoetayow, signed the agreement. The MoU seeks to strengthen existing relations between the two companies and expand their cooperation scope.
The agreement is part of both parties' efforts to develop cooperation in hydrocarbon exploration and production. They will also explore possibilities for expanding their partnership to include innovation, energy transition, and modern technologies. Additionally, the MoU focuses on developing local content and competencies. PTT Exploration and Production has been present in Algeria since 2002, participating in several major hydrocarbon exploration and development projects in partnership with Sonatrach.
The MoU is expected to enhance cooperation between Sonatrach and PTT Exploration and Production, allowing them to explore new partnership opportunities across the hydrocarbon value chain. This move aligns with Algeria's efforts to strengthen its energy sector through partnerships with international companies. The agreement will also facilitate the exchange of expertise and best practices in the energy industry.
Sonatrach is a major player in Algeria's energy sector, while PTT Exploration and Production is a leading Thai energy company. The partnership between the two companies is expected to have a positive impact on Algeria's energy industry. The MoU is a significant step towards strengthening ties between Algeria and Thailand in the energy sector.
The energy sector is a crucial component of Algeria's economy, and the country is seeking to attract foreign investment to develop its hydrocarbon resources. The MoU with PTT Exploration and Production is part of Algeria's efforts to diversify its energy partnerships and explore new opportunities for cooperation. The agreement is expected to contribute to the growth and development of Algeria's energy sector.
The signing of the MoU between Sonatrach and PTT Exploration and Production marks a new chapter in the two companies' cooperation. The agreement is expected to yield positive results, enhancing cooperation and partnership between the two companies in the energy sector.
Key points
- Sonatrach and PTT Exploration and Production to explore cooperation opportunities in hydrocarbons and energy transition.
