Sonatrach to focus on digital technology, solar power

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A general view of the headquarters building of Algerian state energy company Sonatrach in Algiers, Algeria, February 8, 2015. After a deep slide in oil prices, Algeria's state energy company Sonatrach is shifting strategy to offer foreign companies direct negotiations over 20 oil and gas fields in a bid to draw in wary investors and increase output. Picture taken February 8, 2015. REUTERS/Ramzi Boudina EDITORIAL USE ONLY. NO RESALES. NO ARCHIVE
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Sonatrach is looking foward to using digital technology to improve efficiency and also plans to focus on solar power with foreign partners, highlighted, on Monday  during the opening session of an international energy conference in Oran, the company’s CEO Abdelmoumene Ould Kaddour.

 

“Algeria has to “find solutions for raising its reserves, including using digital to reduce costs and optimise its output,” Sonatrach CEO said.

“We have invested to get 1.6 gigawatts, we definitely need to focus on solar,” he said.

He said he would unveil a plan on April 30 named “SH 2030, Leading the Change”, to reform the state owned firm and give it a long term strategy.

“Sonatrach is a company that’s on its feet and is attracting foreign partners,” he said.

The Oran conference is attended by the heads of major European energy firms including Total of France, Eni of Italy and Spain’s Cepsa.

Reuters

 

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