During a presentation before the National People's Assembly's finance committee, Minister of State and Minister of Hydrocarbons, Mohamed Arkab, outlined a development plan for the sector spanning until 2030. The strategy allocates $71.6 billion for investments, with $52 billion earmarked for upstream activities and $13 billion for refining and petrochemical projects. The sector saw significant growth in 2026, marked by 17 new discoveries and export revenues totaling $37.5 billion in the first nine months. Algeria continues to solidify its role as a key energy supplier to Europe while expanding its international partnerships and progressing on major infrastructure projects like the trans-Saharan gas pipeline, alongside efforts to modernize management and reduce emissions.