SONATRACH and its Indonesian partner PERTAMINA strengthen their relationship by signing a Memorandum of Understanding. The two companies have agreed to continue their strategic collaboration to increase their portfolio of activities in Algeria and internationally.

The Memorandum of Understanding, signed by Mr. Toufik HAKKAR, Chief Executive Officer of SONATRACH , and Mrs. Nicke Widyawati, Chief Executive Officer of PERTAMINA will cover the entire hydrocarbon value chain, from upstream to downstream.

The potential for cooperation would include, in particular, existing and / or new projects upstream, the supply of crude oil and LPG, renewable energies and Research & Development.

"We welcome the signing of this new Memorandum of Understanding, which demonstrates the will of the two parties to strengthen their existing relations", declared Mr. Toufik HAKKAR. He also expressed his willingness to strengthen this relationship through the examination and identification with PERTAMINA , new investment opportunities in oil and gas in Algeria and abroad, mutually beneficial.

KeyFacts Energy: Sonatrach Algeria country profile   l   Pertamina Algeria country profile