الاثنين 18 أوت 2025

Hydrocarbons: Alnaft, Occidental Petroleum Seal Two Study Agreements

Published on:
By: Dr. Hana Saada
Hydrocarbons: Alnaft, Occidental Petroleum Seal Two Study Agreements

Hydrocarbons: Alnaft, Occidental Petroleum Seal Two Study Agreements

✍️ BY: Dr. Hana Saada

Algiers, Algeria | In a move that underscores Algeria’s determination to consolidate its position as a pivotal player in the global energy market, the National Agency for the Valorization of Hydrocarbon Resources (Alnaft) and the American energy giant Occidental Petroleum (OXY) signed on Sunday in Algiers two crucial agreements for advanced studies on hydrocarbon potential.

 

The agreements focus on the exploration and evaluation of two strategic perimeters—El Ouabed, located within the Benoud trough, and Dahar, positioned in the northern zone of the Berkine and Oued Mya basins. These regions have long been considered promising reservoirs of untapped hydrocarbon wealth, and the new studies are expected to provide in-depth geological and technical insights to unlock their full potential.

Occidental Petroleum, a long-standing partner of Algeria since the 1980s, has already played a decisive role in several of the country’s flagship hydrocarbon projects, including Ourhoud, Hassi Berkine, and El Merk. This enduring presence not only reflects OXY’s confidence in the Algerian market but also highlights Algeria’s strategic importance as a hub for energy development and investment in North Africa.

Alnaft, in its official statement, emphasized that the signing of these agreements illustrates the shared commitment of both parties to intensify cooperation, deepen scientific assessment, and expand the valorization of Algeria’s hydrocarbon mining domain. Beyond the immediate technical objectives, these studies pave the way for long-term structural cooperation, aligning with Algeria’s broader strategy of harnessing international expertise to maximize its natural resource potential.

 

 

 

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