LOCAL CONTENT
Promotion & development of local content
A Strategy Oriented Toward the Future
SONATRACH’s vision consists of refocusing on its core businesses by investing throughout the hydrocarbon chain (from Exploration-Production to Refining and Petrochemicals), with the firm commitment to creating added value in Algeria, by involving the national production instrument as much as possible in its investments and in its development plans, to achieve a local content rate of 55% by 2030.
Local content is defined for SONATRACH as being the added value created in Algeria through:
Implement a development policy of a formalized local content, supported by a specific development program and underpinned by an adequate organization at all levels of the company and its subsidiaries.
SONATRACH’s local content promotion and development policy is a Group Policy, which must constitute a strategic priority for all companies in the SONATRACH Group. This policy must be part of SONATRACH’s social responsibility (CSR) framework and reflect its role as a major player in the sustainable development of the country in its economic, social and environmental dimensions.
SONATRACH’s local content policy covers a wide array of approaches, ranging from mandatory regulatory and procedural provisions to more flexible requirements that encourage Algerian businesses, through support policies in areas such as training, innovation and technological transfer and capacity building, support and communication policies.
