On the sidelines of the 14th edition of the North Africa Petroleum and Energy Conference (NAPEC 2026) in Oran, Algerian energy company Sonatrach and Thai firm PTT Exploration and Production (PTTEP) have signed a memorandum of understanding (MoU) to strengthen their bilateral relationship. The agreement aims to diversify investments from traditional oil and gas to renewable energy and transition fuels. This new partnership builds on PTTEP's presence in Algeria since 2002.
The MoU was signed by Sonatrach's CEO, Noureddine Daoudi, and PTTEP's CEO, Kanita Thanita Sagtwatayo. The agreement outlines plans for joint investments in exploration, production, and renewable energy projects, both domestically and internationally. This expanded cooperation covers the entire energy value chain, including innovation, cutting-edge technologies, and transition fuels. The partnership aims to enhance expertise, local content, and skills development in the energy sector.
Sonatrach and PTTEP are committed to collaborating on future energy challenges, including the development of new technologies and innovative solutions. The partnership will focus on stimulating local economic growth, creating jobs, and promoting sustainable energy practices. By working together, the two companies aim to build a model of sustainable cooperation that benefits both Algeria and Thailand.
For Sonatrach, this agreement is part of a broader strategy to modernize and consolidate its strategic alliances. By renewing its partnership with PTTEP, a major player in Algeria's energy sector for over two decades, Sonatrach reaffirms the country's attractiveness as an investment destination. The partnership also positions Sonatrach and PTTEP as key players in addressing global energy challenges.
The MoU signed during NAPEC 2026 reflects the commitment of Sonatrach and PTTEP to sustainable development and environmental stewardship. The partnership aims to contribute to Algeria's energy transition and support the country's goals for renewable energy development. By expanding their cooperation, Sonatrach and PTTEP can leverage their combined expertise to drive growth and innovation in the energy sector.
PTTEP has been actively involved in Algeria's energy sector since 2002, with a focus on oil and gas exploration and production. The company's existing projects in Algeria have contributed significantly to the country's energy production. This new partnership with Sonatrach offers opportunities for PTTEP to further expand its presence in Algeria and explore new business opportunities in renewable energy.
The strategic partnership between Sonatrach and PTTEP is expected to have a positive impact on Algeria's energy sector and economy. The agreement will create new opportunities for investment, job creation, and skills development, contributing to the country's economic growth and sustainable development. Key aspects of the partnership include expanded cooperation in oil, gas, and renewable energy, joint investments in exploration and production projects, and a focus on innovation and transition fuels.
Key points
- Sonatrach and PTTEP sign MoU to expand cooperation in oil, gas, and renewable energy.
- The partnership aims to drive growth, innovation, and sustainable development in Algeria's energy sector.
- The agreement builds on PTTEP's presence in Algeria since 2002 and positions Sonatrach and PTTEP as key players in addressing global energy challenges.
