Algeria’s Sonatrach, Niger’s SONIDEP Sign MOU for Hydrocarbon Cooperation
Sonatrach and SONIDEP will explore opportunities for collaboration in hydrocarbon exploration, production, refining, petrochemicals and petroleum product distribution.
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Sonatrach and SONIDEP will explore opportunities for collaboration in hydrocarbon exploration, production, refining, petrochemicals and petroleum product distribution.
Opened by João Lourenço, President of Angola, the event serves to Drive Exploration and Development Towards Increased Production.
Algeria is driving a strong economic diversification agenda, with a view to reducing dependence on imports and expanding the contribution of non-oil industries to its GDP.
Sonatrach’s CEO met with a Chevron delegation to discuss ways to strengthen partnerships and collaboration within the oil and gas sector.
With new hydrocarbon projects on the horizon, the Republic of the Congo is well-positioned to design effective fiscal instruments for sustainable forestry and diversified economic growth.
Committed to leveraging undeveloped oil and gas to stimulate long-term economic growth, the DRC’s Ministry of Hydrocarbons is seeking investment in exploration and production.
Egypt’s Minister of Petroleum and Mineral Resources signed two hydrocarbon production deals valued at $222 million and $120 million, respectively.
Turkey has been granted exclusive rights to explore and produce hydrocarbons in three blocks, offshore Somalia.
Both the Republic of Congo and Angola have outlined ambitious oil and gas production targets, representing strategic areas for bilateral investment and cooperation.
Chevron and GEPetrol signed contracts for offshore blocks EG-06 and EG-11 in Equatorial Guinea- representing a $2 billion investment.