Algeria has pledged $60 billion to grow its upstream oil and gas operations, tapping into the country’s abundant natural resources.
Across the global energy sector, many stakeholders are voicing the same message: while expanding traditional oil and gas industries that have long powered the world, there’s also a pressing need to channel serious investments into renewable energy projects that move beyond the MoU stage to actual implementation.
Speaking at the opening of the 13th Africa & Mediterranean Energy and Hydrogen Exhibition and Conference (NAPEC 2025) in Oran, Algeria’s Minister of Energy and Mines, Mohamed Arkab, revealed that the country will invest an impressive $60 billion to develop its upstream oil and gas industry. He also urged greater integration of renewable energy capacity in the mix.
According to the Minister, about 80% of this massive investment will go into hydrocarbon exploration and production, reaffirming Algeria’s focus on strengthening its oil and gas sector.
Minister Arkab also stated that Sonatrach, Algeria’s state-owned energy company, plans to reduce gas flaring to below 1% by 2030. He highlighted the success of the Hassi Messaoud refinery, located roughly 800 km southeast of Algiers, noting that Algeria’s 200 oil and gas fields make the country a secure destination for long-term energy investment.
During his address, the Minister reaffirmed Algeria’s dedication to renewable energy, announcing ongoing projects to add 3,200 megawatts of renewable capacity—a clear step toward diversifying the national energy mix.
Unlike Europe, where countries are shutting down coal mines—some permanently—Algeria is doubling down on oil and gas investments. Sonatrach CEO Rachid Hachichi commended the nation’s strategy, emphasizing its five-year investment plan. By 2030, Algeria aims to inject a total of $80 billion into its energy sector.
source: energiesmedia.com
African Energy Council