Algerian Minister of Hydrocarbons, Mohamed Arkab, met with Abdennour Souakri, Chairman of the Souakri Group, on July 30, 2026, to finalize a strategic partnership. The agreement involves a collaboration between Sonatrach, Algeria's national oil and gas company, and the Souakri Group, a significant Algerian conglomerate. Details of the partnership were not immediately disclosed, but it is expected to bolster Algeria’s energy sector. This alliance signifies a strengthened commitment to national development within the hydrocarbon industry. The partnership aims to leverage the strengths of both entities for future growth and investment. The deal was officially sealed during the meeting facilitated by Minister Arkab, marking a key moment in Algeria’s economic strategy.