Spa Sonatrach 2024 AR2
The report highlights Sonatrach's operational and financial performance for the fiscal year 2024. Despite a downward trend in global oil and gas prices, the company demonstrated resilience, maintaining stable hydrocarbon production at 193.7 million TOE and achieving a net profit of 812 billion DZD. Sonatrach advanced its energy transition strategy by adopting a new climate strategy, launching solarization programs at production sites, and pursuing green hydrogen initiatives like the SoutH2 Corridor. Additionally, the company prioritized local content, signing contracts worth billions with Algerian co-contractors, and continued its commitment to safety and environmental protection by reducing gas flaring by 25% since 2020.
Company: Spa Sonatrach
Country: Algeria
Year: 2024
Type: AR2
Pages: 132
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Spa Sonatrach
Annual Report
The report highlights Sonatrach's operational and financial performance for the fiscal year 2024. Despite a downward trend in global oil and gas prices, the company demonstrated resilience, maintaining stable hydrocarbon production at 193.7 million TOE and achieving a net profit of 812 billion DZD. Sonatrach advanced its energy transition strategy by adopting a new climate strategy, launching solarization programs at production sites, and pursuing green hydrogen initiatives like the SoutH2 Corridor. Additionally, the company prioritized local content, signing contracts worth billions with Algerian co-contractors, and continued its commitment to safety and environmental protection by reducing gas flaring by 25% since 2020.
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Document Details
Report Year
2024
Reporting Period
Jan 1, 2024 - Dec 31, 2024
Fiscal Year
2024
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
Assurance
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Employees