Sonatrach, Algeria's state-owned energy company, has signed a memorandum of understanding (MoU) with Thai PTT Exploration and Production in Oran. The MoU aims to explore opportunities for cooperation in areas of mutual interest, particularly in the exploration and production of hydrocarbons in Algeria and internationally. The agreement also covers innovation, energy transition, and modern technologies.
The MoU was signed by Sonatrach's CEO, Noureddine Dahoudi, and PTT Exploration and Production's CEO, Kanita Thanittha Sagthatayoyo, on the sidelines of the 14th edition of the Africa and Mediterranean Energy and Hydrogen Conference (Naback 2026) in Oran. The agreement seeks to strengthen existing relations between the two companies and expand their cooperation to new areas.
The MoU covers various aspects of the hydrocarbons value chain and aims to develop local content and competencies. It also explores possibilities for expanding the partnership to include innovation, energy transition, and modern technologies. This move aligns with both parties' desire to enhance cooperation in exploration and production.
PTT Exploration and Production has been present in Algeria since 2002, participating in several major projects to explore and develop hydrocarbons in partnership with Sonatrach. The company has been actively involved in Algeria's energy sector for over two decades.
The agreement is expected to open up new opportunities for cooperation and knowledge sharing between the two companies. It will enable them to leverage each other's expertise and experience in the hydrocarbons sector. The MoU is a significant development in the energy sector, particularly in the context of Algeria's efforts to attract foreign investment.
Sonatrach is a major player in Algeria's energy sector, and the company plays a crucial role in the country's economy. The MoU with PTT Exploration and Production is part of Sonatrach's efforts to strengthen its partnerships with international companies and expand its presence in the global energy market.
The energy sector is a significant contributor to Algeria's economy, and the country is seeking to attract foreign investment to develop its hydrocarbons resources. The MoU between Sonatrach and PTT Exploration and Production is a positive development in this context, as it is expected to lead to new opportunities for cooperation and investment.
Key points
- Sonatrach and PTT Exploration and Production have signed an MoU to explore cooperation opportunities in the hydrocarbons sector.
- The MoU covers areas such as innovation, energy transition, and modern technologies.
- PTT Exploration and Production has been present in Algeria since 2002, participating in several major projects with Sonatrach.
