Africa News Bulletin

African NOCs Strengthen Cooperation with Multi-Deals Signed

Several African National Oil Companies (NOC) have inked multiple agreements to enhance collaboration on the expansion of the energy industry as well as oil and gas development and capacity building. The agreements were facilitated by the African Petroleum Producers Organization (APPO), with all NOCs as members.

The agreements – signed in the Republic of Congo last week – include three memoranda of understanding signed by Congo’s NOC, Société Nationale des Pétroles du Congo (SNPC), two of which with Algerian NOC Sonatrach and one with Niger’s NOC Société Nigérienne des Produits Pétroliers République du Niger (SONIDEP).

Under the terms of the agreement, SNPC and SONIDEP will partner on oil and gas exploration and production while sharing best practices to enhance industrial and operational activities. Additionally, the agreements signed with Sonatrach cover training and the optimization of human capital, with the parties’ expanding cooperation in these areas.

Sonatrach also entered into agreements with the National Hydrocarbon Company of Benin; the Ghana National Petroleum Corporation; and the Democratic Republic of Congo’s NOC, SONAHYDROC, details of which are yet to be announced.

“These specialized conventions in the field of oil and gas complete a process of formalization of training actions initiated by the Algerian Petroleum Institute of SONATRACH with other oil companies that are members of APPO,” stated SONATRACH in a press statement.

Energy Capital & Power

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