Journan — Accueil

Energy and Investments: Mohamed Arkab Outlines Sector Strategy for 2027

Minister of State and Minister of Hydrocarbons, Mohamed Arkab, detailed his sector's 2026 achievements and 2027 budget outlook before the National People's Assembly. With hydrocarbon exports reaching $37.5 billion by September 2026, Algeria continues to be a key energy supplier. Revenue from petroleum taxes exceeded 2026 forecasts by 105%. Looking toward 2030, a $71.6 billion investment plan is set to increase primary hydrocarbon production, supported by projects like the trans-Saharan gas pipeline, phosphate development in Tebessa and Souk Ahras, and the construction of six additional seawater desalination plants. Environmental commitments remain a priority, with efforts focused on ending routine flaring and launching a 520,000-hectare reforestation project. For the 2027 budget, petroleum tax revenues are projected at 2,652 billion dinars, based on a reference oil price of $60 per barrel.