ORAN- The national hydrocarbon company SONATRACH will invest more than US$50 billion from 2017 to 2021 in exploration projects and production, said Wednesday in Oran the vice president of the oil group for exploration and production activity, Salah Meknouche.
In a presentation, read on his behalf by Farid Djettou, head of the company's associations division, as part of NAPEC 2017, Meknouche said "despite uncertainties over evolution of global oil prices, Sonatrach intends to invest more than US$50 billion from 2017 to 2021."
This ambitious investment plan aims at increasing the national reserves and production capacity, he said.
For the five coming years, Sonatrach has set ambitious objectives, in line with the new dynamics for the development of the group, announced the same official.
He added that US$40 billion have been devoted for the development of oil and gas fields, with the aim to increase primary output of all the group's products.
Over 1,300 drillings are expected to be achieved during that period, to progressively reach 230 million tonnes oil equivalent by 2021.
ORAN – More than 500 exhibitors from 38 countries are participating in the international professional exhibition, as part of the 7th North Africa Petroleum Conference (NAPEC 2017), which opened Tuesday at Oran Conventions Centre.
The opening ceremony was attended by Oran Wali (governor) Abdelghani Zaalane, the representative of Prime Minister Office, Amokrane Mohamed Badreddine, the Vice President of the national hydrocarbon company SONATRACH, Fettouhi Ahmed, the chairman of the National Agency for Hydrocarbon Resources Development (ALNAFT), Sid Ali Betata and representatives of several companies operating in the sector.
The four-day trade event has brought together exhibitors and representatives of world's leading oil and gas companies, including SONATRACH, Statoil, Gazprom, Repsol, Anadarko, Baker Hughes and Eage, the organizer of NAPEC 2017, Djaafar Yacini told APS.
"NAPEC has become a genuine platform for exchange," he said, adding "Algeria seeks to build an economic upswing through such events."
The exhibition is an opportunity for direct contacts between operators, he said.
The organizers expect that NAPEC 2017, the largest hydrocarbon trade event in Africa, would draw about 25,000 visitors, including leading oil and gas firms, as well as companies operating in fields relating to civil engineering, equipment manufacturing, maintenance, refining and drilling, in addition to project developers, consultants, service providers, engineers and technicians.
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.
ORAN (Algeria)- The 7th North Africa Petroleum Exhibition and Conference (NAPEC 2017) opened Tuesday, at the Oran Conventions Centre.
The event’s opening ceremony took place in the presence of the representative of Prime Minister Abdelmalek Sellal, the Wali (Governor) of Oran Abdelghani Zaalane and officials of companies of the sector
This meeting, organized from 21 to 24 March, attended by professionals, experts and presidents of energy groups of 38 countries, includes an international professional fair of the oil and gaz industry in North Africa, highlighting all the activities inherent to this energy field at the global level such as those of products, services and technologies in all the industry’s sectors.
Organized by the company for major events NAPEC, it includes the participation of participants from four continents namely Africa, Europe, Asia and America. The fair brings together 500 exhibitors.
ORAN- Professionals and experts in different energy fields from 38 countries will participate in the 7th North Africa Petroleum Exhibition & Conference (NAPEC 2017), which will open Tuesday in Oran (431-km west of Algiers), announced Monday the organizers.
This major event, which will take place from 21 to 24 March at Oran Conventions Centre, will bring together participants from the four continents: Africa, Europe, Asia and America.
NAPEC 2017, the largest international oil and gas trade show in Africa, aims at creating favourable climate for contacts between operators and for the identification of partnership and business opportunities.
Conferences and debates will be held, during the four-day event, by experts and CEOs of international oil and gas companies.
NAPEC 2017, which is expected to draw some 20,000 visitors, will be also an opportunity for the professionals of the sector to present the innovations in the oil and gas industry in the North African region.