Sonatrach’s Hachichi Receives Delegation from U.S. Oil Giant Chevron to Advance Strategic Partnership

BY: Dr. Hana Saada

Algiers, Algeria | February 19th, 2025 — Sonatrach President and CEO Rachid Hachichi hosted a high-level delegation from U.S. energy giant Chevron at the company’s headquarters. The delegation, led by Joe Cook, Vice President of Business Development, engaged in discussions with senior executives from Sonatrach to reinforce bilateral cooperation in the upstream sector.

According to an official Sonatrach statement, the meeting centered on advancing collaboration under the Memorandum of Understanding (MoU) signed on June 13, 2024. This agreement focuses on the joint development of hydrocarbon resources in strategically significant areas, particularly Ahnet and Berkine.

The discussions provided an opportunity to assess the progress made in negotiations and explore pathways to finalize a hydrocarbons exploitation contract that would be mutually beneficial.

Joe Cook commended the unwavering commitment of both companies’ technical teams, emphasizing their dedicated efforts toward achieving a comprehensive agreement that aligns with the interests of both parties.

For his part, Sonatrach CEO Rachid Hachichi reaffirmed the company’s firm commitment to strengthening this partnership, overcoming challenges, and ensuring the successful realization of their shared objectives.

Notably, Chevron ranks among the world’s leading oil corporations, with a keen interest in investing in Algeria’s hydrocarbon sector due to the country’s vast untapped oil and gas potential.

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