•  Algeria to invest $60B in energy from 2025-2029

• 80% earmarked for oil and gas exploration, production

• Renewables, hydrogen, and cleaner fuels part of transition plan
  

Algeria plans to invest $60 billion in energy projects between 2025 and 2029, with most of the funding directed toward upstream oil and gas, Energy and Mines Minister Mohamed Arkab said on Monday.

Speaking at the opening of the 13th Africa & Mediterranean Energy and Hydrogen Exhibition and Conference (NAPEC 2025) in Oran, Arkab said around 80% of the investments will go to hydrocarbon exploration and production.

“Natural gas has become a transition fuel and a key part of the global energy equation,” he said, adding that Sonatrach, the state-owned energy company, aims to cut gas flaring to below 1% by 2030.

Arkab said Algeria will also invest in refining and petrochemicals, highlighting projects such as the Hassi Messaoud refinery (about 800 km southeast of Algiers) and new facilities for methanol, clean fuels, and petrochemical products.

He reaffirmed Algeria’s commitment to cleaner energy sources, noting that the country has already launched projects to add 3,200 megawatts of renewable capacity as part of efforts to diversify its energy mix.

“We are committed to the energy transition while maintaining gas as a strategic resource,” he said.

Sonatrach CEO Rachid Hachichi said the unprecedented five-year investment plan aims to increase production, modernize infrastructure, and expand oil and gas facilities, while accelerating spending on green hydrogen, solar power, and low-carbon technologies.

“This ambitious program underscores our firm commitment to ensuring Algeria’s energy security and contributing to the global energy transition,” Hachichi said.

Algeria, which holds substantial hydrocarbon reserves across more than 200 oil and gas fields, is seeking to strengthen its position as a major supplier to global markets, meet rising domestic demand, and advance its shift toward greener energy sources.

Walid Kéfi