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Sonatrach to Maintain Good Level of Investments

Source: Algeria Times 10/7/2015, Location: Africa

CEO of Sonatrach Amine Maazouzi said Monday in Oran that the Group "will maintain a significant share of its investments, despite the current situation" marked by the oil price fall in the world market.

During a news briefing on the sidelines of 10th Scientific and Technical Days of Sonatrach, Maazouzi said that the current fall of oil prices will not negatively impact on the big projects of Sonatrach.

"We will maintain our investments, but we have to reduce the costs," he stressed.

Concerning the transfer of technology, including those related to the shale gas exploitation and further technologies used in the field of energy, the CEO of Sonatrach said that meetings such as the Scientific and Technical Days are excellent opportunities to understand new techniques and technologies, which is a big step towards the transfer.

Those days "are an excellent framework for exchange."

"We have to take advantage of the experience of former managers and technicians, now retired," he added.

The 10th Scientific and Technical Days of Sonatrach are held from October 5 to 8 at Oran Convention Centre (OCC) under the theme "technology, a response to the energy challenges of today and tomorrow."

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