368

Sonatrach chief executive Abdelmoumen Ould Kaddour launched Sonatrach’s long-planned SH2030 transformation strategy in Algiers on 30 April. His headline ambition for the company he joined in March 2017 is to turn it into one of the five largest national oil companies in the world. To achieve this, its total production will have to increase to more than 3m boe/d, rivalling the output of National Iranian Oil Company, China National Petroleum Corporation or Abu Dhabi National Oil Company.