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Monday, June 4, 2018
Algeria’s Sonatrach revealed that it plans to deploy more solar projects in the country. However, company chief executive Abdelmoumen Ould Kaddour said that renewable technologies would not supplant fossil fuels in importance in the country’s economy.
In an interview with the Oxford Business Group, Kaddour said that solar would be used to power petroleum operations.
“Each installation consumes up to 20% of its production,” Kaddour told Oxford Business Group, of his company’s natural gas and oil assets. “The use of solar energy to meet the needs of each installation is absolutely necessary. By 2030, all oil and gas fields will use solar energy to power their facilities.” The use of solar to power the facilities will free up more oil and gas for export.
Kaddour confirmed the Algeria would be betting on fossil fuels for the foreseeable future – around 100 years in fact.
“Things are moving positively,” said Kaddour. “We still need fossil energy. We are developing more renewable resources, but we will still be using gas and oil for a long time. Fossil energy has a bright future in Algeria.
“We want to increase our gas production and give it added value. Algeria has no constraints, no limit on the number of cubic meters it can sell, unlike oil, for which OPEC imposes export quotas. Furthermore, petrochemicals will be the most important development sector for Sonatrach in the next century.”
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