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Algeria’s state-controlled energy company Sonatrach and Thailand’s PTT Exploration and Production (PTTEP) signed a memorandum of understanding (MoU) on Monday to explore joint investment opportunities in oil and gas exploration and production in Algeria and abroad, Sonatrach said.
The agreement also covers skills development, local content, innovation, the energy transition and new technologies.
The signing took place on the sidelines of the North Africa Petroleum Exhibition and Conference (NAPEC 2026) in Oran, Algeria.
Sonatrach said the agreement was signed by its chairman and chief executive, Nour Eddine Daoudi, and Mrs. Kanita Thanita Sartwattayu , Chairperson & Chief Executive Officer of PPTEP.
The agreement seeks to expand the companies’ existing partnership and identify opportunities across the oil and gas value chain.
PTTEP has operated in Algeria since 2002, participating in oil and gas exploration and development projects with Sonatrach.
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