Algerian Sonatrach-Sinopec Deal Strengthens China's Position in North Africa's Energy Transition

Beijing inks another strategic contract in North Africa, further securing its role in its energy transition process.

Mar 09, 2025

∙ Paid

Algeria's leading oil company, Sonatrach, has signed a hydrocarbons development contract with China’s Sinopec International Energy Investment (HK) Holding Ltd., involving an expected investment of $850 million. This deal marks a significant step in Algeria's ambition to open up its economy. At the same time, Beijing gains another strateg…

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