Algiers, 30th January 2025,
Today, during a ceremony organized at the General Direction, the Chairman & Chief Executive Officer of SONATRACH, Mr. Rachid HACHICHI, signed a MoU with his counterpart from Mauritania Hydrocarbon company, Mr. Ismaïl ABDEL VETAH.
This Memorandum of Understanding sets out the areas of common interest, to take advantage of SONATRACH’s expertise, at the service of the Mauritanian party with a view to promoting its oil sector. It mainly relates to cooperation in the exploration-production activities, both onshore and offshore, as well as in the exchange of expertise and information, study of opportunities for the creation of specialized laboratories in this field, and the opportunity of creating and managing transport and storage facilities of hydrocarbons and petroleum products.
Furthermore, the Memorandum of Understanding provides for the supply of hydrocarbons and oil products to Mauritania, and also the feasibility study to set up a joint company for the development of the downstream oil sector.
In addition, this MoU, encompasses the sharing of technological knowledge, the development of a common research program on green and white hydrogen, as well as alternative energy sources.
This agreement aims also to strengthen the professional skills of the employees of the Mauritanian Hydrocarbon Company through training and support provided by SONATRACH’s experts.
This agreement constitutes a qualitative step forward in the process of energy cooperation between Algeria and Mauritania and opens up wide prospects for common investments. It also reflects SONATRACH’s ambition to expand its activities on the continental scale and assert its role as a major player in the energy industry.
End of Press Release
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