Sinopec signs strategic MoU with Algeria National Oil Company
Key highlights
- Meeting held on August 28 between Sinopec Group Chairman Hou Qijun and a delegation led by Daoudi, Chairman and CEO of Algeria National Oil Company.
- Both parties signed a strategic cooperation memorandum of understanding.
- Cooperation areas include conventional and unconventional oil and gas exploration and development, engineering services, and equipment manufacturing.
- Sinopec Group Deputy General Manager Niu Shuanwen attended the meeting.
Meeting and agreement
On August 28, Group Chairman Hou Qijun met at Sinopec headquarters with a delegation led by Daoudi, Chairman and CEO of Algeria National Oil Company. After in-depth exchanges the two sides signed a strategic cooperation memorandum of understanding.
Scope of cooperation
The parties discussed strengthening cooperation in conventional and unconventional oil and gas resource exploration and development, engineering services, and equipment manufacturing.
Attendance and reporting
Group Deputy General Manager Niu Shuanwen attended the meeting. The signing site was photographed and the event was reported by Hu Qingming and Wang Penghua.
Source: Sinopec