Sonatrach signs a memorandum of cooperation with the Omani company OQ Exploration and Production – Al-Hiwar Algeria

The Sonatrach complex signed a memorandum of cooperation with the Omani company OQ Exploration and Production, stipulating the launch of talks to discuss opportunities for cooperation in the field of hydrocarbon exploration and production activities, according to a statement by the complex said Thursday.
The signing ceremony took place yesterday, Wednesday, in Muscat, in the presence of the President and General Manager of the Sonatrach Complex, Rachid Hachishi, and the CEO of OQ Exploration and Production, Ahmed bin Saeed Al Azkawi, adds the same source.
“The signed memorandum of cooperation will allow Sonatrach and OQ Exploration and Production to initiate talks related to examining opportunities for cooperation in the field of exploration and production activities,” according to the same statement, which indicated that the signing of this cooperation memorandum “confirms Sonatrach’s ambitions to develop cooperation at the international level in the field of oil and gas activities.” As well as in the field of alternative energies and strengthening partnerships with Omani companies through the exchange of experiences and expertise.”

OQ Exploration and Production Company is one of the branches of the integrated global group OQ, which works in the field of energy and has an important presence in 17 countries.

The Omani company’s operations also cover the entire value chain, starting with the exploration and production of oil and gas, through refining and petrochemicals, and reaching the final products and their distribution and marketing in more than 80 countries around the world, according to the statement.