Economics Affairs

SONATRACH plans to double production capacity over next decade

APS - APS - 17 April 2018

ORAN- The national hydrocarbon group SONATRACH plans to double its production capacity over the next ten years, said Tuesday in Oran (432-km west of Algiers) the group's CEO, Abdelmoumen Ould Kaddour.

"We want to double our hydrocarbon production capacity over the next decade, as part of our new development strategy for 2030," Ould Kaddour told APS on the sidelines of the second day of the 11th Scientific and Technical Days (JST11), held by SONATRACH at the Conventions Centre of Oran.

"We are trying to become independent from oil price volatility and dependent on the volume," stressed the CEO of SONATRACH.