Algeria's expansion strategy
The country's energy sector has big ideas for the future—if the creaking political establishment will approve them
Algeria's ambitious oil and gas expansion plan faces its moment of truth in June when the government unveils a long-awaited hydrocarbons law designed to lure sceptical international oil companies. The plan, Project 2030, calls for $56bn of investment over the next four years. But it won't work without foreign investors, and to date they've been scared off by corruption, political turmoil, low returns and onerous contract conditions. Project 2030 aims to change all that. It's the brainchild of Abdelmoumen Ould Kaddour, appointed in March last year as chief executive of Sonatrach, the state-owned firm that has a monopoly on Algeria's oil and gas industry. Kaddour's plan calls for a thorough re
Also in this section
13 March 2026
Brussels is again weighing a cap on gas prices amid the Hormuz crisis, but the measure could backfire by deterring the LNG cargoes Europe urgently needs
12 March 2026
Emergency oil stocks provide a last line of defence to oil market shocks, so the IEA’s unprecedented 400m bl release represents something of a double-edged sword
12 March 2026
LPG could rapidly expand access to clean cooking across Africa and prevent hundreds of thousands of deaths from indoor air pollution each year, but infrastructure shortages and regulatory barriers are slowing investment and market growth
11 March 2026
Missiles over Dubai and disruption in Hormuz are testing the emirate’s reputation—and shaking the energy hub at the centre of the Gulf economy
