Algeria plans to invest $60 billion in energy projects from 2025 to 2029 to expand oil, gas, and hydrogen production.
Energy and Mines Minister Mohamed Arkab said 80% of the funds will focus on upstream exploration and production activities.
The remaining investment will support refining and petrochemical projects, aiming to strengthen Algeria’s industrial capacity and global energy influence.
Arkab highlighted the country’s push for cleaner energy, noting projects generating 3,200 megawatts of renewable power are already underway.
The initiative is part of Algeria’s broader strategy to diversify its energy mix while meeting growing domestic demand efficiently.
Officials hope the plan will secure Algeria’s role as a key supplier to international energy markets amid global transitions.
Domestic and international observers see the investment as a bold step to balance economic growth with sustainable energy goals.
The North African nation is positioning itself as a pivotal energy hub while gradually shifting toward greener and more renewable sources.
Algeria’s energy roadmap reflects ambitions to merge traditional hydrocarbons with emerging technologies for a competitive, sustainable future.