{"id":10267,"date":"2024-12-27T09:06:24","date_gmt":"2024-12-27T08:06:24","guid":{"rendered":"https:\/\/dzwatch.dz\/?p=10267"},"modified":"2026-09-04T05:07:17","modified_gmt":"2026-09-04T04:07:17","slug":"sonatrach-general-assembly-approves-2025-2029-development-plan","status":"publish","type":"post","link":"https:\/\/dzwatch.dz\/?p=10267","title":{"rendered":"Sonatrach General Assembly Approves 2025-2029 Development Plan"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>Date Published:<\/strong> Thursday, December 26, 2024<br><strong>Category:<\/strong> <a class=\"dzsl-auto-link dzsl-internal\" data-dzsl=\"internal\" href=\"https:\/\/dzwatch.dz\/?cat=50\">Economy<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/sonatrach.com\/\" target=\"_blank\" rel=\"noopener\">Sonatrach&#8217;s <\/a>Ordinary General Assembly convened in Algiers on Thursday to approve the company&#8217;s medium-term development plan for the 2025-2029 period. The plan focuses on enhancing hydrocarbon reserves through intensified exploration and production efforts, according to a company statement.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Key Approvals<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Under the chairmanship of Minister of State for Energy, Mining, and Renewable Energies, Mohamed Arkab, the assembly approved:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>The 2025 Annual Budget<\/strong><\/li>\n\n\n\n<li><strong>The 2025-2029 Medium-Term Development Plan<\/strong>, which emphasizes:\n<ul class=\"wp-block-list\">\n<li>Expanding hydrocarbon exploration and production.<\/li>\n\n\n\n<li>Enhancing the pipeline transport network.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Strategic Objectives<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The development plan includes ambitious initiatives in refining, petrochemicals, and transformation projects to meet domestic market needs while increasing <a class=\"dzsl-auto-link dzsl-external\" data-dzsl=\"external\" href=\"https:\/\/sonatrach.com\/en\/\" rel=\"noopener noreferrer\" target=\"_blank\">Sonatrach<\/a>\u2019s export capacities for hydrocarbons and derivative products.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The assembly saw participation from:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Minister of Finance, Laaziz Faid.<\/li>\n\n\n\n<li>Governor of the Bank of <a class=\"dzsl-auto-link dzsl-internal\" data-dzsl=\"internal\" href=\"https:\/\/dzwatch.dz\/?cat=1\">Algeria<\/a>, Salah Eddine Taleb.<\/li>\n\n\n\n<li>Fawzi Amokrane, representing the Presidency of the Republic.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Focus on Sustainability and Energy Transition<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The plan also highlights:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Digitalization and Energy Transition Projects:<\/strong> Aimed at enhancing operational efficiency and aligning with global sustainability standards.<\/li>\n\n\n\n<li><strong>Carbon Footprint Reduction Initiatives:<\/strong> Sonatrach reaffirmed its commitment to environmental sustainability by launching <a class=\"dzsl-auto-link dzsl-internal\" data-dzsl=\"internal\" href=\"https:\/\/dzwatch.dz\/?p=64608\">renewable energy<\/a> projects and adhering to international environmental standards.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">These measures are designed to strengthen Sonatrach&#8217;s position as a leading player in the energy transition on both local and international levels.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">For further details, visit <a href=\"https:\/\/dzwatch.dz\/\">DZWATCH.DZ<\/a>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Author:<\/strong> Nor-Eleslam<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Date Published: Thursday, December 26, 2024Category: Economy Sonatrach&#8217;s Ordinary General Assembly convened in Algiers on Thursday to approve the company&#8217;s medium-term development plan for the 2025-2029 period. The plan focuses on enhancing hydrocarbon reserves through intensified exploration and production efforts, according to a company statement. Key Approvals Under the chairmanship of Minister of State for &hellip;<\/p>\n","protected":false},"author":1,"featured_media":10268,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"cybocfi_hide_featured_image":"","iawp_total_views":76,"footnotes":""},"categories":[50],"tags":[],"class_list":["post-10267","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economie-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/dzwatch.dz\/index.php?rest_route=\/wp\/v2\/posts\/10267","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dzwatch.dz\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dzwatch.dz\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dzwatch.dz\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dzwatch.dz\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10267"}],"version-history":[{"count":2,"href":"https:\/\/dzwatch.dz\/index.php?rest_route=\/wp\/v2\/posts\/10267\/revisions"}],"predecessor-version":[{"id":73010,"href":"https:\/\/dzwatch.dz\/index.php?rest_route=\/wp\/v2\/posts\/10267\/revisions\/73010"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dzwatch.dz\/index.php?rest_route=\/wp\/v2\/media\/10268"}],"wp:attachment":[{"href":"https:\/\/dzwatch.dz\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10267"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dzwatch.dz\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10267"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dzwatch.dz\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10267"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}