BY: Hana Saada
ALGIERS- In a significant move signaling its ambitions to establish a foothold in the Algerian market, Exxon Mobil, the major American oil and gas company, is engaged in high-level discussions with officials from the state-owned energy group Sonatrach. The talks, centered on potential partnerships in the upstream oil and gas sectors, are poised to culminate in a partnership agreement in the coming days, as per an official statement released by the Ministry of Energy.
Following a pivotal meeting in mid-November 2023 in Oran, where Sonatrach’s CEO Rachid Hachichi and Jonathan Wilson, Vice President of Global Ventures at Exxon Mobil, convened, the Minister of Energy and Mines, Mohamed Arkab, hosted John Ardell, Vice President in charge of research exploration, for further discussions on opportunities within the Algerian energy market.
According to the ministry’s statement, the discussions encompassed “the possibility of investment in the upstream oil and gas sector in Algeria,” now a focal point of interest for the American conglomerate. Both entities are actively identifying cooperative projects within the hydrocarbon domain in Algeria. The country’s strategic energy policy places significant emphasis on boosting hydrocarbon production, presenting lucrative investment prospects for international stakeholders.
Key factors such as eased investment conditions, improved business climate, abundant natural resources, and proximity to markets have become vital attractions for foreign investors. Exxon Mobil, in expressing its keen interest in partnership development with Sonatrach, signifies its strategic return to the Mediterranean arena.
“The meeting explored avenues to develop partnerships based on complementarity and shared interests,” highlighted the official statement. Algeria has recently become a hotspot for American oil companies looking to assert their presence in the Mediterranean region and strengthen ties with the European market.
Following in the footsteps of Oxy Petroleum, present in the Algerian market for several years, and Chevron, set to enter the market after signing a protocol of agreement with Sonatrach in March 2023, Exxon Mobil is poised to make its mark in the Algerian energy sector.
Dzair Tube Media Group
Dzair Tube has firmly established itself as a prominent player among Algerian digital news sites, offering a diverse and enriching content experience. The platform, available in Arabic, French, and English editions, captures the attention of a wide-ranging audience, amassing over half a million daily clicks.
A testament to its commitment to excellence, Dzair Tube received the prestigious President of the Republic’s Award for Professional Journalist in the Electronic Press category on October 22, 2022. This recognition underscores the platform’s unwavering dedication to upholding the highest standards of journalism.
With a significant online presence, Dzair Tube boasts 350,000 subscribers on YouTube, over five million followers on various Facebook pages, and 450,000 subscribers on Instagram. Its digital channel has become a hub for diverse programming, covering news, sports, entertainment, culture, and religion, catering to a broad spectrum of audience preferences.
Equipped with state-of-the-art studios and advanced technology, Dzair Tube’s digital channel has garnered substantial viewership for its varied programs. Hosting interactive discussions with influential figures across different domains, the platform actively fosters public discourse and engagement. Beyond news coverage, Dzair Tube extends its commitment to the production of marketing documentaries, short TV commercials, and high-viewership programs.
The success of the print edition of Dzair Tube’s sports newspaper, “Dzair Sport,” further highlights the platform’s impact, with over 50,000 daily downloads from the official Dzair Tube website.
Recently honored with the Media Leadership Award from the Minister of Communication, Mohamed Laâgab, Dzair Tube continues to shape the landscape of Algerian digital news, maintaining a position of influence and impact in the media industry.
