Algeria's Sonatrach to invest $39 billion in 2022 to 2026, CEO says

3rd January 2022 By: Reuters

Algeria will invest $39-billion in its energy sector from 2022 to 2026 to maintain its hydrocarbon output, Sonatrach's CEO Tewfiq Hakkar told state TV ALG24.

Of the $39-billion investment, $6-billion will be invested in 2022, Hakkar said.

Ninety-five percent of Algeria's foreign revenues are from oil and gas sales.