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


Jan 2 (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.

(Reporting by Lamine Chikhi; Editing by Alison Williams)

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

More Related Articles

Sign up for Smart Investing to get the latest news, strategies and tips to help you invest smarter.