BY: Hana Saada
ALGIERS- A memorandum of understanding was signed between Sonatrach and WEG S.A., a Brazilian company, with the aim of strengthening cooperation between the two entities. The signing took place at the headquarters of the general management of the oil group and was attended by Mohamed Arkab, Minister of Energy and Mines; Toufik Hakkar, Chairman and CEO of Sonatrach; His Excellency the Brazilian Ambassador to Algeria, Flavio Marega; and the signatories, Mohamed Slimani, Vice President of the exploration and production activity of Sonatrach; and Harry Schmelzer Jr., Chairman and CEO of the WEG S.A. Group.
This cooperation is set to promote the exchange of expertise and experience with a view to improving the performance and technological mastery of Sonatrach facilities through a mutually beneficial partnership. The establishment of this Memorandum of Understanding with WEG S.A., one of the largest suppliers of electric motors in the world, is part of Sonatrach’ strategy for the development and modernization of its facilities. The identification of the best technologies to improve the energy efficiency of Sonatrach facilities and the digitization and maintenance of electrical equipment are key objectives of this partnership.
Through this collaboration, Sonatrach aims to fulfill its commitment to promoting local content and national integration by contributing to the development of national technological capacities in its businesses through partnerships with foreign entities. In this regard, Sonatrach has partnered with WEG S.A to evaluate the economic feasibility of constructing a WEG manufacturing and maintenance facility in Algeria. Additionally, the two companies will explore the possibility of establishing a partnership with the Sonatrach training institute to provide advanced training and certification, as well as organize workshops and meetings of specialists to share best practices in technological monitoring and updating of electrical equipment standards.
This collaboration underscores Sonatrach’s commitment to promoting local content and national integration by leveraging the expertise of foreign partners to enhance its technological capabilities. By partnering with WEG S.A, Sonatrach is taking a significant step towards developing a robust manufacturing and maintenance infrastructure in Algeria, which will not only create job opportunities but also contribute to the growth of the local economy.
Furthermore, the partnership with the Sonatrach training institute will provide a platform for knowledge sharing and capacity building, which will enable Sonatrach to stay abreast of the latest technological advancements in the industry. This will ultimately enhance the company’s competitiveness and position it as a leader in the energy sector.
In conclusion, this collaboration between Sonatrach and WEG S.A is a testament to the company’s commitment to promoting local content and national integration. By leveraging the expertise of foreign partners and investing in the development of local technological capacities, Sonatrach is well-positioned to achieve its strategic objectives and contribute to the growth of the Algerian economy.
Algeria-Brazil’s bilateral relations
The diplomatic ties between Algeria and Brazil have been steadily growing over the years. These two nations have established a strong partnership based on mutual respect and shared interests.
Algeria, a North African country, and Brazil, a South American country, have much to offer each other in terms of trade, investment, and cultural exchange. Both nations are rich in natural resources and have vibrant economies that can benefit from increased cooperation.
In recent years, Algeria and Brazil have signed several agreements to strengthen their bilateral relations. These agreements cover a wide range of areas, including energy, agriculture, education, and science and technology.
One of the most significant areas of cooperation between Algeria and Brazil is in the field of energy. Algeria is a major producer of oil and gas, while Brazil is a leader in renewable energy. By working together, these two nations can create a more sustainable energy future for themselves and the world.
In addition to economic cooperation, Algeria and Brazil also share a deep cultural connection. Both nations have a rich history and a diverse population that can learn from each other. Through cultural exchange programs, Algerians and Brazilians can gain a better understanding of each other’s traditions, customs, and way of life.
Overall, the Algeria-Brazil bilateral relations are a testament to the power of diplomacy and cooperation. As these two nations continue to work together, they can create a brighter future for themselves and the world.
