Algeria plans to invest $60 billion in energy projects between 2025 and 2029, with a focus on boosting oil, gas, and hydrogen development.
Energy and Mines Minister Mohamed Arkab announced that 80% of the investment will go towards upstream exploration and production, while the remaining funds will support refining and petrochemical projects.
The country aims to strengthen its role as a key energy supplier to international markets while transitioning to more sustainable sources.
Algeria has launched projects to generate 3,200 megawatts of renewable energy and aims to reduce gas flaring to less than 1% by 2030.
The state energy firm Sonatrach will lead the efforts, supported by a large-scale afforestation project covering 520,000 hectares.
