SONATRACH subsidiaries sign three MoUs with Niger's SONIDEP
- ENAGEO and SONIDEP signed an MoU on seismic acquisition and seismic-data processing in Niger.
- ENAFOR and SONIDEP agreed an MoU to create a joint venture for oil and gas drilling in Niger.
- NAFTAL and SONIDEP signed an MoU on petroleum distribution, construction of filling centres, training, and a JV for bitumen manufacturing, formulation, distribution and storage.
- The three MoUs follow a SONATRACH–SONIDEP framework MoU signed on October 1, 2024.
Ceremony and attendees
The signing ceremony brought together Algerian and Nigerien officials and company leaders, including Mohamed Arkab, Minister of State, Minister of Hydrocarbons; Hamadou Tini, Minister of Petroleum of the Republic of Niger; Nour Eddine Daoudi, Chairman and CEO of SONATRACH; Colonel Ali Seibou Hassane, General Director of SONIDEP; and the chairmen and CEOs of SONATRACH’s subsidiaries.
MoU — seismic acquisition
The first MoU, between the National Company of Geophysics (ENAGEO) and SONIDEP, covers seismic acquisition and the processing of seismic data on Nigerien territory.
MoU — drilling joint venture
The second MoU, signed between the National Drilling Company (ENAFOR) and SONIDEP, concerns the creation of a joint venture to undertake oil and gas drilling works in Nigerien territory.
MoU — distribution, training and bitumen JV
The third MoU, between the National Company for Marketing and Distribution of Petroleum Products (NAFTAL) and SONIDEP, covers cooperation on petroleum product distribution, the construction of filling centres, and training, and includes creation of a joint venture for the manufacturing, formulation, distribution and storage of bitumen.
Context
These three agreements build on the memorandum of understanding signed between SONATRACH and SONIDEP on October 1, 2024, and are intended to expand the partnership and strengthen economic cooperation and strategic ties between Algeria and Niger.
Source: SONATRACH