“Less bureaucracy, more professionalism to transform Sonatrach into one of top five national companies in world,’ CEO


“We need to transform Sonatrach into one of the top five national companies in the world,” the company’s CEO Abdelmoumen Ould Keddour highlighted on Monday.

Kaddour said: “Less bureaucracy and more professionalism,” is the strategy which must be followed to achieve this.

On the other hand, the company held a news conference to disclose production data, in which the CEO revealed that Sonatrach increased its gas output by 5% to 135 billion cubic metres, while Total oil and gas output rose by 2 percent in 2017 to 196.5 tonnes of oil equivalent.

The CEO added that oil production fell 3 percent due to OPEC quotas.

The company’s turnover from oil and gas in 2017 was $33.2 billion, he said, adding that the firm had invested $8.1 billion in 2017, down 8.8 percent from the previous year.







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