On Monday, Sonatrach signed framework agreements with six local holding companies and public industrial complexes as part of its ongoing efforts to promote local production and enhance national integration. The agreements were signed at Sonatrach’s headquarters, with the participation of Mohamed Arkab, Minister of Energy, Mines, and Renewable Energies, Sifi Ghrieb, Minister of Industry and Pharmaceutical Production, and Rachid Hachichi, Sonatrach's General Manager, along with the general managers of the signing entities.
Signed Agreements with Key Local Industrial Complexes
The six local entities that signed the framework agreements with Sonatrach include:
These new agreements, which span over a period of three years, are part of Sonatrach’s strategic policy to enhance local production and national economic integration.
Objectives of the Agreements
The key objectives of these agreements are to:
Prioritize local production to meet Sonatrach’s needs, provided that it meets the required quality, cost, and time standards.
Reduce dependency on imports, focusing on locally available goods and services. Exceptions are made for raw materials or components that are not produced domestically.
Enhance competitiveness by ensuring that local suppliers offer goods and services at preferential prices while maintaining competitive quality, cost, and delivery times.
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