Rachid Hachichi, the CEO of Sonatrach, has reaffirmed the company’s ongoing commitment to exploring new investment opportunities in the energy sector. Speaking at the Algerian-American Business Forum for Energy 2025 held in Houston, Texas, Hachichi emphasized Sonatrach's efforts to tap into promising areas such as advanced technologies, hydrogen, and carbon footprint reduction. This forum, organized by the Algerian-American Business Council and the Algerian-American Chamber of Commerce with support from the Algerian Embassy in Washington, aims to strengthen ties with American companies and foster partnerships with key players in the energy sector.
During his address, Hachichi stated, "Sonatrach is always committed to exploring new investment horizons, especially in fields related to hydrocarbons, renewable energies, hydrogen, and energy efficiency, alongside efforts to reduce the carbon footprint." He highlighted Sonatrach's dedication to maintaining its status as a reliable and secure supplier, which is underpinned by its modern infrastructure and significant achievements in exploration, as detailed in a company statement.
The CEO also pointed out the advantages and incentives provided by Algerian law for investors, noting that Algeria is rich in resources in both traditional and renewable energy sectors. The forum featured two discussion sessions focused on the oil, gas, and advanced energy sectors. The first session addressed the oil and gas industry, led by Farhat Onughi, the Vice President in charge of business development and marketing. The second session, dedicated to green hydrogen as a future energy source, included contributions from Youssef Khanfar, the central director for green and renewable energy at Sonatrach.
Hachichi's participation, along with a high-level delegation that included Merad Belgham, head of the Hydrocarbon Resource Valuation Agency, and Amin Ramini, the Director General of Hydrocarbons at the Ministry of Energy and Mines, reflects Sonatrach's strategic interests in enhancing cooperation with American firms. The event attracted senior officials from major American energy companies, including ExxonMobil, Chevron, Occidental, AR Products, and Highkati, further emphasizing the forum's significance in fostering international partnerships.
The Algerian-American Business Forum for Energy 2025 is not just an opportunity for networking; it serves as a platform for discussions that could shape the future of energy cooperation between Algeria and the United States. Hachichi's remarks at the forum underscore a proactive approach to investment and collaboration in a rapidly evolving energy landscape.
Moreover, Algeria's potential in both traditional hydrocarbons and renewable energy sources positions it as a significant player in the global energy market. The country's vast resources, coupled with a regulatory framework that encourages foreign investment, make it an attractive destination for energy companies looking to expand their operations.
As global energy dynamics shift towards sustainability and renewable sources, Sonatrach's focus on hydrogen and energy efficiency aligns with international trends aimed at reducing carbon emissions and combating climate change. The company's commitment to innovation and modernization in its operations reflects a broader industry shift towards cleaner energy solutions.
In conclusion, the Algerian-American Business Forum for Energy 2025 marks a pivotal moment for Sonatrach and its ambitions to bolster its role in the international energy arena. With leaders from both nations engaging in meaningful dialogue, the potential for future collaborations remains vast. Hachichi's leadership and vision for Sonatrach signal a forward-thinking approach that prioritizes investment, sustainability, and strategic partnerships in the evolving global energy landscape.
