Sonatrach, Algeria's state-owned oil and gas company, and Thailand's PTT Exploration and Production Company Limited (PTT) have signed a Memorandum of Understanding (MoU) to expand their partnership in the hydrocarbons sector. The agreement was signed on the sidelines of the "Naback 2026" event. The MoU aims to explore new investment opportunities in exploration and production in Algeria and internationally.
The partnership between Sonatrach and PTT will focus on innovation, energy transition, and modern technologies. The two companies will exchange expertise and explore new cooperation opportunities in various segments of the energy value chain. This move is part of Sonatrach's efforts to enhance its existing partnership with PTT and expand it to new areas.
The MoU was signed by Sonatrach's CEO, Noureddine Dahoudi, and PTT's Managing Director, Kanita Thanyata Sagttoetayow. PTT has been active in Algeria since 2002, participating in several major projects with Sonatrach in hydrocarbons exploration and development. The company has been working with Sonatrach in various fields, including oil and gas exploration and production.
The expanded partnership between Sonatrach and PTT is expected to support cooperation in hydrocarbons exploration and production. The two companies will explore possibilities for developing joint projects, leveraging modern technologies and expertise. This collaboration aims to enhance local content and capabilities in the hydrocarbons sector.
Sonatrach is Algeria's largest oil and gas company, responsible for the exploration, production, and distribution of hydrocarbons. The company has been working to strengthen its partnerships with international companies to boost its production and reserves. PTT, on the other hand, is one of Thailand's largest energy companies, with a significant presence in the global hydrocarbons market.
The agreement between Sonatrach and PTT reflects the growing interest of international companies in Algeria's hydrocarbons sector. The country has significant oil and gas reserves, and the government has been working to attract foreign investment to develop its energy industry. The partnership between Sonatrach and PTT is expected to contribute to the growth and development of Algeria's hydrocarbons sector.
The MoU between Sonatrach and PTT is a significant development in the hydrocarbons sector, marking a new phase of cooperation between the two companies. The partnership is expected to have a positive impact on Algeria's energy industry, contributing to the country's economic growth and development. Key aspects of the partnership include exploring new investment opportunities and enhancing local content and capabilities.
Key points
- Sonatrach and PTT sign MoU to expand cooperation in hydrocarbons exploration and production.
- The partnership aims to explore new investment opportunities and enhance local content and capabilities.
- PTT has been active in Algeria since 2002, participating in several major projects with Sonatrach.
