BY: Hana Saada
ALGIERS- The CEO of the Sonatrach group, Toufik Hakkar, will participate in the 8th International Seminar of OPEC (Organization of the Petroleum Exporting Countries). The seminar, taking place on July 5th and 6th at the prestigious Hofburg Imperial Palace in Vienna, Austria, is set to bring together industry leaders and experts to discuss the pressing issues surrounding the global energy sector.
With the theme “Towards a sustainable and inclusive energy transition,” the seminar aims to delve into crucial topics related to energy security, technological innovation, environmental concerns, sustainable development, energy policies, and wider economic trends. OPEC, in its official announcement on the event’s website, stated that the seminar is expected to attract distinguished participants and foster insightful discussions at a critical juncture for the global energy industry.
Toufik Hakkar, representing Sonatrach, will participate in the roundtable discussion before delivering a keynote address on “technology and innovation for a low-emission future.” The exploration of technological advancements and innovations holds the potential to enhance performance throughout the petroleum industry value chain. These advancements are essential for improving operational efficiency, expanding resource identification and development capabilities, optimizing processes, and automating tasks, all while delivering safer, healthier, and more cost-effective operations and products.
The application of advanced technologies, such as Carbon Capture, Utilization and Storage (CCUS), Direct Air Capture (DAC), Blue Hydrogen, Crude-to-Chemicals, renewable energy integration, and digitization for increased process efficiency, can significantly reduce the industry’s carbon footprint. These cutting-edge solutions pave the way for a future driven by sustainable practices and a low-emission economy.
Investments in technological innovation will be critical for companies aiming to stay ahead of the technology curve. The evolving energy landscape demands proactive measures to adapt and embrace new technologies, ensuring a sustainable and inclusive energy transition.
The presence of Toufik Hakkar, an esteemed figure in the industry, at the 8th OPEC International Seminar, highlights Sonatrach’s commitment to fostering innovation and sustainability within the energy sector. Hakkar’s expertise and insights are anticipated to contribute significantly to the discussions, shaping the future of the industry and paving the way for a greener and more prosperous energy landscape.
About OPEC:
OPEC (Organization of the Petroleum Exporting Countries) is a globally recognized intergovernmental organization that plays a pivotal role in coordinating and unifying the petroleum policies of its member countries. With a focus on ensuring the stability of the oil market, OPEC promotes sustainable development, economic growth, and environmental protection in the energy sector.
About Sonatrach:
Sonatrach is the Algerian state energy company responsible for the exploration, production, and marketing of hydrocarbons, both domestically and internationally. As one of the largest oil and gas companies in Africa, Sonatrach plays a crucial role in Algeria’s economy and the global energy landscape. The company is committed to sustainable practices, technological innovation, and driving the energy transition.
