ORAN- The national hydrocarbon company SONATRACH intends to devote more resources for the development of renewable energy, said Tuesday in Oran (431-km west of Algiers) its new CEO Abdelmoumene Ould Kaddour.
In an address at the opening of the 7th North Africa Petroleum Exhibition & Conference, NAPEC 2017, read on his behalf by SONATRACH vice-president Ahmed Fettouhi, Ould Keddour said that the group would invest more in electricity production from renewable energy sources, like solar energy.
"SONATRACH seeks to become, in the near future, one of the leading players in this segment, considered as a national priority by the President of the Republic," he added.
"We have an ambitious programme for the development of renewable energy and we want to achieve it with the contribution of national and international companies, both public and private," he said.
In this regard, he recalled that some projects have been already launched in partnership with other firms with a view to contributing to the achievement of the national renewable energy programme.
SONATRACH also intends to develop human resources to ensure specialization in the technical fields and open new career advancement opportunities for its workers, said Ould Kaddour. .
The newly appointed CEO added that SONATRACH, with the support of the public authorities, seeks to increase its investments in the hydrocarbon sector, under an efficient strategy, in order to preserve energy security of the country, contribute to the national economic development and maintain its market shares abroad.
ALGIERS- Minister of Energy Noureddine Boutarfa on Monday chaired a Sonatrach Borad of Directors' meeting and installed Abdelmoumen Ould Kaddour as chief executive officer of the national oil group in replacement of Amine Mazouzi, the ministry of Energy said in a statement.
The minister of Energy called the new CEO of Sonatrach "to act responsibly and with full confidence to make quality changes allowing Sonatrach to evolve and flourish in a good business climate, conducive to initiative taking and decision making," the statement said.
He also invited the CEO and the top executives of Sonatrach "to show an unfailing commitment to preserving the group's interests and managerial practices to allow it to adapt to changes."