“The CEO who is changing Algeria’s energy landscape”, Gonzalo Escribano and Virginia Crespi De Valldaura (Elcano, Spain)

Gonzalo Escribano and Virginia Crespi De Valldaura, The CEO who is changing Algeria’s energy landscape, 28 November 2018.

The new Sonatrach team’s reformist spirit opens a window of opportunity to establish a closer cooperation framework between the EU and Algeria.

On 20 November 2018, the CEO of Sonatrach Abdelmoumen Ould Kaddour visited Spain to celebrate the renewal of gas contracts with the Spanish energy company Naturgy. He also took the opportunity to present the Algerian oil and gas national company’s vision for 2030 at the Elcano Royal Institute. This was Mr. Kaddour’s second time at the institute, which he first visited on 16 May 2017, shortly after he was named CEO. In the 19 months that he has headed the company, Mr. Kaddour has embarked on a wide-ranging set of reforms that have significantly improved Sonatrach’s international reputation and raised expectations of an “energy spring” taking place in Algeria. His visit to Spain marked an important milestone in this process, given that Algeria represents 54% of Spanish gas imports this year. (…)

The full article is accessible here.