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Algeria launches $7bln petrochemical, refining projects
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Algeria has decided to mark a strategic turning point in its petrochemical sector by launching a major investment of $7 billion for the period 2025-2029. The objective of this initiative is to strengthen the local transformation of hydrocarbons, a key sector for the country's economy. This ambitious project aims to increase the rate of transformation of hydrocarbons into high value-added products to 50% by the end of the quinquennium, compared t…
Algeria is taking a new strategic step in the development of its hydrocarbon resources. On Thursday, June 12, the government announced the launch of petrochemical and refining projects with a total value of almost $7 billion, with the aim of maximizing oil and gas revenues. The announcement...
Algeria sets $7bn investment target for refinery projects
Petrochemical and refinery plans Multiple projects to increase income Completion expected by 2029 Algeria has reportedly launched new petrochemical and refining projects worth $7 billion, part of its drive to diversify its state revenue sources and tackle a persistent budget deficit. Mohamed Arkab, the Algerian energy minister, revealed the projects during a parliament policy session on Thursday, local press reported on Friday. The projects in n…
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