✏️ BY: Dr. Hana Saada
Algiers, Algeria | June 8th, 2024 — The CEO of Sonatrach, Rachid Hachichi, engaged in discussions with the CEO of China National Petroleum Corporation (CNPC), Hou Qijun, during a meeting held in Beijing. The meeting, aimed at fostering cooperation in the hydrocarbon sector, covered a range of topics pivotal to the energy industry, according to a statement released Friday by Sonatrach.
The bilateral discussions, attended by delegations from both Sonatrach and CNPC, delved into various aspects, including hydrocarbon exploration and production, advancements in new and renewable energies, digital transformation initiatives, and the integration of advanced technologies in the energy sector.
CNPC, renowned as the largest producer and supplier of oil and gas in China, holds a prominent position as a global leader in oilfield services. With operations spanning the entire oil and gas industry value chain, CNPC brings extensive expertise and a robust reputation in engineering infrastructure to the table.
The meeting served as a platform for Sonatrach to explore new avenues of cooperation and investment with its Chinese counterpart. It aimed to strengthen existing partnerships while identifying opportunities for collaboration in line with Sonatrach’s strategic objectives.
Of particular emphasis during the discussions were the prospects in new and renewable energy sectors. Both parties recognized the importance of modernizing operations through digital transformation and leveraging advanced technologies to enhance efficiency and sustainability.
Sonatrach’s commitment to deepening and broadening its strategic partnerships with Chinese companies was reaffirmed during the visit, reflecting its dedication to fostering mutually beneficial relationships in the global energy landscape.
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