US EditionAlgeria Plans $60 Billion Energy Investment Over Five Years
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Algeria Plans $60 billion Energy Investment Over Five Years
Algeria will invest $60 billion in energy projects between 2025 and 2029 as part of a large-scale strategy to boost oil, gas and hydrogen development, Energy and Mines Minister Mohamed Arkab said on Monday. Speaking at an energy forum in Algiers, Arkab said 80% of the investment will be directed toward upstream exploration and production, … The post Algeria Plans $60 billion Energy Investment Over Five Years first appeared on Metropol Digital.
Algeria announced an investment plan of more than $60 billion in its hydrocarbon sector, which covers the period 2025-2029, and was detailed by Minister Mohamed Arkab at the APEC 2025 show. It is part of a strategy to consolidate production while accompanying the energy transition. The Minister of Hydrocarbons and Mines, Mohamed Arkab, presented this Monday, October 6, 2025, the allocation of the $60 billion budget. He said that 80 per cent of t…
The Algerian Minister of Hydrocarbons and Mines, Mohamed Arkab, has announced an investment of around $60 billion (€51,216 million) for strategic energy projects in Algeria until 2029. Of the total of this investment, "80% will go to exploration and production activities" and the rest to refining and petrochemical projects, such as the Hassi Messaoud refinery and methanol plants, Arkab said during the inauguration of the 13th edition of the Inte…
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