Why It Is So Difficult For Sonatrach To Achieve Its 2030 Strategy

Algeria’s national oil company has finally unveiled its 2030 strategy, better known as “SH2030”, which sets ambitious target to be achieved by 2030. It seeks to become the fifth largest national oil company (NOC) in the world by 2030, according to the company’s CEO Abdelmoumen Ould Kaddour.

“By 2030, we aim to become the fifth largest NOC in the world, combining our oil and gas reserves, production, refining capacity as well as the commercialized volumes of our different products,” Ould Kaddour said while making the announcement in In Salah Gas Project.”