Green investment in sonatrack. SONATRACH adopts a ...

Green investment in sonatrack. SONATRACH adopts a development policy promoting recourse to Local Content. The strategy aligns with government policy since 2021, reaffirming Algeria’s goal of expanding renewable energy. The delegation aims to catalyze collaboration and engagement with key stakeholders across Africa’s energy sector towards a common Sonatrach is making The MoU will allow SH and Eni to evaluate the gas potential and opportunities for accelerated development at specific fields already discovered in Algeria. Sonatrach – alongside Algeria’s state-owned gas company Sonelgaz – also signed an MoU with energy and infrastructure firms VNG, SNAM, Seacorridor and VERBUND. "The control of the hydrogen chain, from production to transport, will enable Sonatrach to consider a project for the production of green hydrogen in the medium term," he said. A number of bitumen, gasoline and gasoil units at the 198,000 b/d Augusta refinery in Sicily are scheduled to restart in early March after a maintenance shutdown that has been underway since early to mid-February. It also covers the evaluation for a green hydrogen pilot project in Bir Rebaa North (BRN). The 3300 Algeria's national oil company Sonatrach and construction firm Tosyali have signed a Memorandum of Understanding (MoU) to explore green hydrogen production from renewable energy sources. Africa Energy Week (AEW) 2025: Invest in African Energies is proud to announce the participation of Rachid Hachichi, CEO of Sonatrach, as a speaker during the high-level NOC-IOC Forum. Cepsa and Sonatrach signed a MoU to explore a green hydrogen project in Algeria aimed at supplying Europe through the SoutH2 Corridor. The deal is part of efforts by Sonatrach to deliver more value from its operations at Arzew, according to a statement. Investing. Sonatrach, Algeria’s state-owned oil company, said on Tuesday it had signed the deal with Hecate Renewable Energy, based in Chicago, and steel maker Tosyali Sonatrach, Hecate Energy, and Tosyali Algeria sign MoU to explore feasibility of renewable hydrogen project for decarbonizing steel sector in Algeria. Algeria’s state-owned oil and gas group Sonatrach will invest $40bn in oil exploration, production and refining, as well as in gas exploration and extraction between 2022 and 2026, its CEO Toufik Hakkar said on 3 January. Algeria has initiated an investigation into Sonatrach’s acquisition of the Augusta refinery in Italy. Sonatrach CEO Rachid Hachichi will lead a delegation to the event. 02/12/2022 - Cepsa to invest 3 billion euros in Andalusia to build the largest green hydrogen hub in Europe 11/10/2022 - Cepsa and the Port of Rotterdam join up to create the first green hydrogen corridor between the north and south of Europe 30/06/2022 - Cepsa will offer a 30 cent savings per liter until the end of the year Sonatrach considers that climate change is a major concern for everyone. The companies signed a production sharing contract for work in the Zemoul El Kbar contractual perimeter, according to a statement released by Sonatrach on Monday. See the full leadership team at Craft. The agreement outlines a strategy to collaboratively assess the viability of exporting green hydrogen produced in Algeria to Europe via the SoutH2 Corridor. Sonatrach Inks Multiple MoUs for Green Hydrogen Projects Tuesday, October 15, 2024 Algerian state energy firm Sonatrach has signed two separate memoranda of understanding (MoU) to conduct studies for the development of an integrated project for the production of green hydrogen and derivatives in Algeria, in order to supply mainly the European SONATRACH adopts a development policy promoting recourse to Local Content. In this context, Sonatrach and TotalEnergies will pursue the investment program already launched to increase the gas production of TFTII and TFT South, which includes the upgrade of existing facilities and the drilling of additional wells. Jul 29, 2024 · Ouamer reminded that efforts to reduce flaring began thirty years ago, and since 2020, a 28% reduction has been achieved, equivalent to one billion standard cubic meters. Cepsa and Sonatrach have signed today a memorandum of understanding to jointly carry out a feasibility study for the development of an integrated project for green hydrogen production and derivatives in Algeria, mainly aimed at supplying the European market. Each of the two pilot projects will provide specific learning and both have been designed in a complementary way, he explained. MI) is looking at producing green hydrogen in Algeria with state-owned Sonatrach as the two energy groups move to cut their carbon footprints. The new solar photovoltaic (PV) plant will be located in the Bir Rebaa North (BRN) oil field in the Berkine basin, doubling the green energy capacity available to power the upstream processes. Oct 14, 2024 · Cepsa and Sonatrach have signed today a memorandum of understanding to jointly carry out a feasibility study for the development of an integrated project for green hydrogen production and derivatives in Algeria, mainly aimed at supplying the European market. (Johannesburg, South Africa) and Sonatrach Raffineria Italiana (SRI) have formed a Temporary Association of Companies (ATI) to collaborate on developing hydrogen production projects in Sicily, as part of the budding process for the Sicilian Regional Council’s National High Technology Italian oil company Eni has signed two agreements with Alergian state-owned Sonatrach to develop renewable energy capacity, green hydrogen projects, and carbon capture and storage (CCS) projects in Algeria. As Algeria has a proven potential in renewable energies, Sonatrach is set to play a leading role in the development of future low-carbon industry, such as green hydrogen and photovoltaic electric power, which represents an important growth driver for Algeria. A significant portion of the investment will be dedicated to renewable energy, green hydrogen, and carbon footprint reduction initiatives, reflecting Sonatrach’s commitment to a sustainable and forward-looking energy transition. (Johannesburg, South Africa) and Sonatrach Raffineria Italiana (SRI) have formed a Temporary Association of Companies (ATI) to collaborate on developing hydrogen production projects in Sicily, as part of the budding process for the Sicilian Regional Council’s National High Technology On Monday, October 14, the Sonatrach group and Spain's Cepsa signed a memorandum of understanding “for the joint execution of a feasibility study for the development of an integrated project to produce green hydrogen and derivatives in Algeria, mainly to supply the European market”, announced the oil and gas group in a press release. . German gas group VNG AG (VNG), based in Leipzig, and Sonatrach, an Algerian state-owned energy company based in Algiers and the largest company in Africa, intend to join forces in ramping up a German-Algerian value creation chain for green hydrogen. Sonatrach has partnered with international companies to strengthen green hydrogen production, transport and marketing. It begins by examining the hydrocarbon-stability nexus in Algeria from a historical perspective. Sasol Ltd. 2022) — The Chairman of SONATRACH, Toufik Hakkar, and Eni CEO, Claudio Descalzi, signed today a Memorandum of Understanding (MoU) in Rome aimed at accelerating the development of gas fields in Algeria and decarbonisation via green hydrogen. Sonatrach, an Algerian oil and gas company, was selected to study the impact of R&D investment on its profitability, Measured using a set of financial metrics : profit margin, return on assets Cepsa and Sonatrach have signed today a memorandum of understanding to jointly carry out a feasibility study for the development of an integrated project for green hydrogen production and derivatives in Algeria, mainly aimed at supplying the European market. This document summarizes Sonatrach's investment plan from 2012-2016. The low level of foreign investment is meanwhile putting Sonatrach under severe financial pressure in a context of rising domestic consumption, which is still largely subsidised. What’s more, one of the Algerian state-owned energy firm’s subsidiaries has found itself in the crosshairs of a Lebanese court. Key downstream projects include expanding refining capacity and developing the petrochemical sector. -By maximizing partnership with Algerian companies for its investments and projects , SONATRACH actively participates in strengthening the local industrial network. Sonatrach extensive experience over the entire oil industry chain made possible, and at the same time necessary, the expansion of its activities towards international investment schemes and export of services, both upstream (prospection, exploration) and downstream where real joint-venture opportunities exist. Sonatrach's CEO is Toufik Hakkar. Oct 15, 2024 · Sonatrach has signed two memorandum of understanding (MoU) with some international companies to jointly conduct the necessary studies to assess the viability and profitability of an integrated project to produce green hydrogen in Algeria aimed to supply the European market. It plans to invest $68. The next empirical section addresses these questions. Algeria’s state-owned oil company Sonatrach has stepped up plans for large-scale green hydrogen production and a vast pipeline to Europe that is expected to repurpose gas pipelines. com -- Algeria’s state oil and gas company Sonatrach and Italy’s Eni have formed a new partnership to explore and develop hydrocarbon resources in Algeria. The ambitious initiative aims to build an innovative plant of significant capacity for the production of hydrogen and 'low carbon' syngas also capable of There are now a total of 41 green hydrogen projects in Africa scheduled to take a final investment decision (FID) by 2030, but they are still facing “serious challenges” to realisation, according to the Energy Industries Council (EIC), an energy supply-chain trade association. May. Oct 29, 2025 · Daoudi plans to accelerate Sonatrach’s existing initiatives, notably the integration of solar power at oil sites, the development of new sectors such as green hydrogen, and continued investment in carbon capture and research. Augusta (Syracuse), Italy - Sasol Italy and Sonatrach Raffineria Italiana have met in recent days, at the Augusta plant of Sasol, the main local institutions local institutions and some local associations to present the "Hybla Project". Sonatrach is the 12th largest oil consortium in the world, with 154 subsidiaries operating over the entire oil value-chain from upstream, to midstream, and downstream activities. Jul 29, 2024 · Sonatrach and Tosyali to jointly explore green hydrogen production from renewable energy sources within Algeria. The Sasol and Sonatrach have teamed up on a green hydrogen plan in Sicily, with plans to capture carbon emissions. The Sonatrach General Assembly has approved a strategic development plan for 2025-2029, shaping Algeria's economic future. Want to work for a company that cares about the planet? Discover 17 green companies leading in sustainability, innovation, and social good. Annually it produced 206 million The CEO of Eni Claudio Descalzi and the CEO of Sonatrach Toufik Hakkar have inaugurated the Solar Lab and laid the first stone of a 10MW solar PV plant in the Bir Rebaa North (BRN) production complex, in the Berkine basin, south-eastern Algeria. State-owned companies dominate Algeria’s renewable energy sector. German gas supplier VNG AG and Algeria's state-owned energy company Sonatrach have joined forces to work on a green hydrogen value chain that will enable the import of the clean fuel from the North African country to Germany. Algiers, 8 April 2024 - TotalEnergies and SONATRACH have signed a Memorandum of Understanding with the aim of concluding a hydrocarbon contract in the north-east Timimoun region, under the aegis of Law n°19-13 governing hydrocarbon activities. Sonatrach also aims to grow its As part of its low-carbon goal, Sonatrach intends to start two pilot projects in 2023 that will produce green hydrogen and move it through gas pipelines. Climate Governance Climate Governance Today, SONATRACH is working to put in place a climate governance that integrates all the processes, policies and practices required for the control and reduction of the company’s impact on climate and also the risks posed by this phenomenon on its activity and sustainability. The 3300 Sonatrach emphasized that this agreement is aligned with Algeria’s national hydrogen strategy, which aims to reduce natural gas consumption and consequently lower greenhouse gas emissions. Other executives include Mohamed Slimani, Vice President, Exploration & Production Activity; Rachid Zerdani, Vice President, Strategy, Planning, and Economy and 2 others. It then assesses the impact of EU’s green transition and ends with Algeria’s diversification efforts within the context of the most recent fiscal crisis. Prominent players include Sonatrach (the national oil company), Sonelgaz (the power utility), and the Algerian Energy Company (AEC, a joint venture between Sonatrach and Sonelgaz). Sonatrach is Algeria's national oil and gas company. Sonatrach, the oil and gas company, is pursuing its green hydrogen projects, taking advantage of its vast territory, developed electricity grid and abundant solar and wind energy. Italy's Eni (ENI. Sonatrach will continue to invest in gas recovery projects at all levels of the oil production chain to maintain this trend and honor its emission reduction commitments. Algeria’s state-owned energy company Sonatrach has joined the African Energy Week (AEW): Invest in African Energy 2024 conference – taking place November 4–8 in Cape Town. Sonatrach emphasized that this agreement is aligned with Algeria’s national hydrogen strategy, which aims to reduce natural gas consumption and consequently lower greenhouse gas emissions. The signing ceremony, which took place at the Oran Convention Center… Italy's Eni and Algeria's state oil company Sonatrach have signed an initial agreement to fast-track the development of the North African nation's gas resources and green hydrogen potential. Algerian state-owned oil company Sonatrach and Tosyali Iron Steel Industry Algeria have teamed up to explore the potential production of renewable hydrogen in the North African country. The initiative is expected to send a strong signal regarding the transition from fossil fuels to green hydrogen in Algeria’s industrial landscape. Jun 29, 2025 · 420 Million Trees: A Green Investment for Future Generations The cornerstone of Sonatrach’s natural sequestration initiative is a bold reforestation program—an ecological feat set to plant 420 million trees across 520,000 hectares over the next decade. With approximately 120,000 workers, the company produced 30% of the GNP of Algeria. Representing one of Africa’s most strategic national oil companies and a key player in global energy markets Italian oil company Eni has signed two agreements with Alergian state-owned Sonatrach to develop renewable energy capacity, green hydrogen projects, and carbon capture and storage (CCS) projects in Algeria. The delegation aims to catalyze collaboration and Algeria’s state-owned energy company Sonatrach has joined the African Energy Week (AEW): Invest in African Energy 2024 conference – taking place November 4–8 in Cape Town. San Donato Milanese (MI), 14 ottobre 2024 – SONATRACH (Algeria), SONELGAZ (Algeria), VNG (Germany), Snam (Italy), SEACORRIDOR (Italy) and VERBUND GREEN HYDROGEN (Austria) signed, today, a Memorandum of Understanding in order to conduct jointly necessary studies, throughout the hydrogen value chain to assess the viability and profitability of (Eni, 26. 2 billion over this period, with 82% going to upstream projects to boost oil and gas production and reserves. [7] In 2002, its gross sales was 1,530 billion Algerian dinars for a net income of 175 billion. Targeting 15GW of renewables by 2026 Algeria has signed a memorandum of understanding with a US renewable energy specialist to build a green hydrogen project to power steel production. In addition, Sonatrach signed an agreement with Leipzig-based natural gas company, VNG AG, to conduct green hydrogen and green ammonia demonstrations with the aim to export to Germany to meet growing energy demand. Cepsa and Sonatrach have officially signed a memorandum of understanding (MoU) to collaborate on a feasibility study aimed at developing an integrated project for green hydrogen production and its derivatives in Algeria. Cepsa and Sonatrach have signed an MoU to jointly carry out a feasibility study for the development of an integrated project for green hydrogen production and derivatives in Algeria, mainly aimed at supplying the European market. nojh, lfvr2q, ixn4, ei62rc, va2oy, lq8ls0, pcae, 50ka, jc3l, 4u4t5,