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Sonatrach Signs MoU with OQ Exploration & Production from Oman

Sonatrach Signs MoU with OQ Exploration & Production from Oman
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BY: Dr. Hana Saada

Algiers, April 25, 2024 – Sonatrach announced today the signing of a memorandum of understanding (MoU) with OQ Exploration & Production, a subsidiary of OQ Global Integrated Energy Company based in the Sultanate of Oman.*

The MoU aims to initiate discussions between Sonatrach and OQ Exploration & Production on opportunities for cooperation in hydrocarbon exploration and production activities, as stated in the press release.

The signing ceremony took place in the presence of Sonatrach’s CEO, Mr. Rachid Hachichi, and OQ Exploration & Production’s Executive Director, Mr. Ahmed Al-Azkawi.

Mr. Hachichi emphasized, “The signing of this agreement confirms Sonatrach’s ambitions to develop international cooperation in the Oil & Gas sector and the renewable energy sector, as well as to further strengthen partnerships with Omani companies through the mutual exchange of experiences and expertise.”

The agreement signifies a strategic move by Sonatrach to expand its international partnerships and leverage the expertise of OQ Exploration & Production in the oil and gas sector. Through this collaboration, both companies aim to explore new opportunities for joint ventures and projects in hydrocarbon exploration and production.

Sonatrach, Algeria’s state-owned oil and gas company, has been actively seeking partnerships with international companies to enhance its operations and contribute to the country’s energy sector development. This MoU with OQ Exploration & Production represents a significant step in achieving these objectives.

OQ Exploration & Production, a leading energy company in Oman, brings extensive experience and technical capabilities to the partnership. By combining their strengths, Sonatrach and OQ aim to drive innovation and efficiency in their operations while fostering mutual growth and development.

 

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About 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.

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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.

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.

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