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Sonatrach and World Bank sign MOU to curb gas flaring and boost green hydrogen

3 November 2026 · Algeria Now

Sonatrach and World Bank sign MOU to curb gas flaring and boost green hydrogen — Photo : habib kaki / Wikimedia Commons, CC BY 3.0

Sonatrach and the World Bank Group signed a memorandum of understanding on Tuesday 3 November 2026 in Algiers to cut gas flaring and methane emissions while advancing green hydrogen development.

The agreement, signed at a climate finance and carbon markets workshop held at the International Conference Centre (Abdellatif Rahal), involves the International Bank for Reconstruction and Development and the International Finance Corporation.

Sonatrach CEO Nour Eddine Daoudi and World Bank Vice‑President for the Middle East, North Africa, Pakistan and Afghanistan Ousmane Dione attended the ceremony and outlined the cooperation’s scope across petrochemicals and fertilizer sectors, with a focus on Africa.

The partnership will provide technical assistance, best‑practice sharing, techno‑economic studies, financing option assessment and capacity building, with Sonatrach supervising implementation as the beneficiary.

Daoudi said the MOU lays the foundation for joint efforts on gas flaring reduction, methane cuts, energy transition, green hydrogen, fertilizer production and new value‑creation opportunities in Africa, stressing the need for seriousness and professionalism.

Dione called the signing an important milestone after more than a year of coordination, praising Sonatrach’s international experience and confirming World Bank Group institutions are ready to support the company’s expansion and the challenges facing stakeholders.

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