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Algeria`s Sonatrach aims to rank among the world`s five largest oil and gas groups. a target which its chief executive officer (CEO) Abdelmoumene Ould Kaddour. describes as an achievable goal.
Presenting Sonatrach´s strategy for the period until the year 2030 at the group´s downstream activity headquarters in Oran. in north-central Algeria. on Wednesday. Ould Kaddour said: `Sonatrach seeks to rank among the top five oil companies in the world under this strategy `. while stressing that `this goal is attainable`.
He stressed the involvement of the group´s `motivated and committed` staff in the implementation of the strategy and the need to communicate the short. medium and long-term goals of this strategy throughout the country.
`We bank on excellence. We have thoroughly studied the criteria to place Sonatrach among the top five oil groups in the world. ` he said. `Moreover. we count on our human resource and the group´s experience.
`We are explaining this strategy to our international partners with whom we seek to create new business opportunities and bring added value to our country. `
