Algeria’s Ministry of Energy and Mines has unveiled an ambitious $60 billion investment programme across the energy sector over the next five years. The announcement, made by Minister of Energy and Mines Mohamed Arkab on October 6, signals the North African nation’s commitment to expanding its energy infrastructure while embracing diversification.
The substantial investment will target growth across oil, gas and emerging hydrogen industries, positioning Algeria as a major player in the evolving global energy landscape. Minister Arkab emphasized the country’s balanced approach to energy development, stating that Algeria is committed to the energy transition without abandoning gas as a natural resource.
Beyond traditional hydrocarbons, Algeria is advancing renewable energy development with projects underway to add 3,200 megawatts of clean power capacity. This forms a key component of the nation’s diversification strategy, aimed at reducing dependence on fossil fuels while maintaining its position as a significant energy exporter.
The five-year investment plan represents one of the largest energy sector commitments in North Africa and underscores Algeria’s determination to modernize its energy infrastructure and expand production capacity across multiple energy sources.
Source: energycapitalpower.com