Economy

Sonatrach Group affirms its readiness to support Congolese partner through training and transfer of experience

The CEO of Sonatrach, Toufik Hakkar, affirmed the group’s readiness to support the Congolese partner through training and transfer of expertise in the field of hydrocarbons, according to a statement issued today by the Group.

The statement came during a meeting last Sunday at the headquarters of the Group with a delegation from the Republic of the Congo, headed by the Congolese Minister of Hydrocarbons, the current president of the Organization of Petroleum Exporting Countries (OPEC) Conference, Bruno Jean-Richard Itoua, during which the two parties tackled several issues relating to partnership aspects, especially in the field of oil and gas, the statement adds.

The same source indicated that the meeting allowed the two parties to discuss “the experience that Sonatrach can provide in the field of hydrocarbons research and exploration, field development, refining, production and transportation of gas and liquefied natural gas.”

The meeting also allowed the Congolese delegation, the statement says, to view opportunities and areas of cooperation in the field of specialized training at the Algerian Petroleum Institute of Sonatrach Group. Mr. Hakkar underlined, on the occasion, “the group’s readiness to support the Congolese partner through training and transfer of expertise in the field of hydrocarbons.”

Sonatrach also stressed that it seeks “to consolidate economic relations between the two countries and implement the public authorities’ investment strategy outside the borders, especially in the fields of oil and gas industry and the transformation and transportation of hydrocarbons.”

The statement indicated that the Congolese delegation made several field visits to Sonatrach’s industrial facilities in the Arzew industrial zone, in addition to the Research and Development Center, as well as the Algerian Petroleum Institute in Boumerdes, adding that these visits and meetings enabled them to see “the rich opportunities available for the future partnership between the two parties.”

It is worth mentioning that the Congolese delegation headed by Mr. Itoua is paying a five-day visit to Algeria that started last Saturday.

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