Sonatrach, Baker Hughes Strengthen Partnership in Milan

✏️ BY: Dr. Hana Saada

Algiers, Algeria | August 1st, 2024 — In a notable development for the energy sector, Rachid Hachichi, Chairman and CEO of Sonatrach, met with Lorenzo Simonelli, CEO of Baker Hughes, in Milan on Wednesday. This meeting highlighted both companies’ commitment to enhancing their collaboration and exploring new growth opportunities.

Held at a pivotal moment for Sonatrach’s international strategy, the meeting was attended by key figures from both organizations, including Mourad Adjal, CEO of Sonelgaz, and other senior executives from Sonatrach. The discussions focused on deepening bilateral relations within the energy equipment manufacturing sector and identifying opportunities for a more robust and long-term partnership.

Baker Hughes, a longstanding and integral partner of Sonatrach, plays a significant role through its subsidiaries, ALGESCO and APAC. These entities are essential in producing industrial equipment and spare parts critical to the hydrocarbon value chain. Their collaboration also encompasses various strategic development projects, with Baker Hughes playing a pivotal role.

The meeting involved a review of current collaborations and the exploration of potential future engagements, emphasizing technological advancements and innovative energy solutions. This dialogue reflects a dedicated effort to strengthen their partnership and leverage mutual expertise in navigating the evolving energy landscape.

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