SONATRACH\u00a0and its Indonesian partner\u00a0PERTAMINA\u00a0strengthen their relationship by signing a Memorandum of Understanding.\u00a0The two companies have agreed to continue their strategic collaboration to increase their portfolio of activities in Algeria and internationally.<\/p>\n
The Memorandum of Understanding, signed by Mr. Toufik HAKKAR, Chief Executive Officer of\u00a0<\/strong>SONATRACH, and Mrs. Nicke Widyawati, Chief Executive Officer of\u00a0PERTAMINA\u00a0will cover the entire hydrocarbon value chain, from upstream to downstream.<\/p>\n The potential for cooperation would include, in particular, existing and \/ or new projects upstream, the supply of crude oil and LPG, renewable energies and Research & Development.<\/p>\n ”\u00a0We welcome the signing of this new Memorandum of Understanding, which demonstrates the will of the two parties to strengthen their existing relations<\/em>\u00a0“, declared Mr. Toufik HAKKAR.\u00a0He also expressed his willingness to strengthen this relationship through the examination and identification with\u00a0PERTAMINA, new investment opportunities in oil and gas in Algeria and abroad, mutually beneficial.<\/p>\n ”\u00a0The National Hydrocarbon Companies such as\u00a0<\/strong>PERTAMINA\u00a0and\u00a0SONATRACH\u00a0must be at the forefront of the national interest, in particular by guaranteeing the supply of energy on the domestic market<\/em>\u00a0“, declared Mrs. Nicke Widyawati adding that thanks to her cooperation with Sonatrach,\u00a0PERTAMINA\u00a0is optimistic about its ability to overcome various challenges facing the oil and gas industry will face in the future ”\u00a0in the future, the oil and gas industry is encouraged to enter the energy transition and tendency to decarbonization.<\/em><\/p>\n Therefore, oil and gas companies need to think creatively and carefully to manage their portfolios,<\/em>\u00a0\u201dadded Ms. Nicke Widyawati.<\/p>\n