Houston, 16 October 2026
As part of his working visit to the USA, from 12 to 16 October 2026, Mr. Nour Eddine DAOUDI, Chairman & chief Executive Officer of the SONATRACH Group, met today, with Mr. Richard JACKSON, Chairman & Chief Executive Officer of Occidental Petroleum (OXY), during a meeting held in the presence of the officials from both Groups, focusing on reviewing the partnership relations and exploring prospects for development.
Discussions were notably centred on OXY’s activities in the Berkine Basin, the perspectives of cooperation and development opportunities in the short, medium and long term. The exchanges dealt also with the expertise of OXY in the development of unconventional resources in the USA, the innovative techniques of enhanced oil recovery (EOR) as well as the utilization of pipes made from non-metallic materials.
This meeting is part of the historic long-lasting relations between SONATRACH and OXY, particularly in the Berkine Basin. More recently, this partnership was enhanced in 2022 by the signing of a hydrocarbon agreement relating to perimeters 404 and 208, in partnership with ENI and TotalEnergies, then, the conclusion, in October 2024 of a Memorandum of Understanding dealing with the activities of exploration and evaluation on the perimeter of Berkine Center.
In 2025, the two companies pursued their cooperation in the area of Technology through two agreements relating to the study of complex carbonated reservoirs and the development of enhanced oil recovery techniques.
With this meeting, SONATRACH and OXY, reasserted their willingness to continue expanding their partnership, reinforcing their cooperation and underpinning the development of Algeria’s hydrocarbon potential.
End of Press Release
