Algeria’s national oil company, SONATRACH, has signed a Memorandum of Understanding (MoU) with Mozambique’s national oil company, EMPRESA NACIONAL DE HIDROCARBONETOS, E.P. (ENH), aimed at deepening bilateral cooperation in the oil and gas sector.
The MoU was signed by Mr. Rachid Hachichi, Chairman and Chief Executive Officer of SONATRACH, and Mrs. Ludovina Bernardo, Chairwoman of the Board of Directors of ENH.
The signing ceremony was witnessed by Algeria’s Minister of Energy and Renewable Energies, Dr. Mourad Adjal.
The agreement outlines key areas of common interest, notably cooperation in hydrocarbons exploration and production projects, as well as transportation, downstream activities, and service provision across the entire value chain.
Furthermore, the MoU provides for the assessment of the feasibility of connecting the natural gas distribution network to household consumption. It also seeks to strengthen the technical capabilities of ENH employees through knowledge sharing and training in oil geology, engineering, and operations — to be facilitated by SONATRACH.
This agreement marks a significant step forward in energy cooperation between Algeria and Mozambique. It reflects SONATRACH’s ambition to expand its operations across the African continent as a major player in the energy sector.
Following the signing, SONATRACH and ENH also agreed to jointly conduct studies focusing on several areas of cooperation.
Source:https://energynewsafrica.com
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