Journan — Accueil

Algeria reports $37.5 billion in hydrocarbon exports for the first nine months of 2026

Minister of State and Minister of Energy and Mines, Mohamed Arkab, presented an update on the energy sector to the National People's Assembly. He announced that Algeria reached $37.5 billion in hydrocarbon exports by the end of September 2026. Sonatrach has recorded 17 new discoveries this year, with investments exceeding $6 billion, marking a 21% increase compared to 2025. The sector's roadmap focuses on production, petrochemicals, seawater desalination, and digital transformation to improve efficiency. Regarding the 2027 Finance Bill, Arkab noted that petroleum tax revenues are projected at 2,652 billion dinars, calculated with a reference price of $60 per barrel.