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
28 April 2026
The key energy player faces balancing regional routes, political complexities, and creating a clear strategic vision for energy security
24 April 2026
The European Commission’s response to the Middle East crisis is to double down on its transition strategy, with plans for a new target on electrification
24 April 2026
A major new discovery by Eni and BP that can likely be fast-tracked to production is welcome news for Egypt as it scrambles to plug a widening supply gap and deal with rising import risks
24 April 2026
Countries in the region are turning to the cleaner-burning fuel for power generation, driving demand for imports
