Sonatrach CEO Kaddour on Oil Supply, Prices, Investment

The video discusses Sonatrach, Algeria's largest oil and gas company, and its role in stabilizing oil prices post-OPEC meeting. It highlights the factors influencing global oil prices, including geopolitical issues. The video also covers Algeria's gas export strategy to Europe and future energy production plans, focusing on new energy sources and offshore exploration.

What is Sonatrach's significance in the African oil and gas industry?

• It is the largest private oil company in Africa.

• It is the smallest oil company in Algeria.

• It is a new entrant in the oil market.

• It is the largest state-owned oil and gas company in Africa.

Why is stabilizing oil prices crucial for economies like Algeria?

• It allows for more trade wars.

• It decreases the need for investment.

• It helps in predicting economic trends for the next 10-20 years.

• It increases the number of consumers.

Which factors are mentioned as influencing oil price stability?

• Geopolitical situations in Libya and Iran.

• Technological advancements in oil extraction.

• Only the US President's tweets.

• Weather conditions in Europe.

Which countries are primarily supplied by Sonatrach's gas?

• India, China, and Russia.

• Spain, Italy, and South Korea.

• Germany, France, and Japan.

• Brazil, Argentina, and Chile.

What is the strategic advantage of Sonatrach's pipeline network?

• It only supplies gas to Asian countries.

• It is the longest pipeline in the world.

• It facilitates easy gas export to Southern Europe.

• It connects Algeria directly to North America.

What is Sonatrach's approach towards new energy sources?

• Investing only in solar energy.

• Developing new energy sources and offshore projects.

• Abandoning all new energy projects.

• Focusing solely on traditional oil extraction.

What is Sonatrach's plan for its conventional energy sources?

• To stop all development activities.

• To sell them to foreign companies.

• To convert them into tourist attractions.

• To continue developing them and inaugurate new fields.