23 Hrs
Source:
AL24 News
Algeria's Hydrocarbon Revenues Up as Sonatrach Finds 17 New Fields
The data reveals that Algeria's oil and gas export revenues reached $37.5 billion during the first nine months of 2026, representing a 37% increase in the average oil price compared to the same period in 2025, with the price per barrel around $97. The hydrocarbon sector recorded 17 new discoveries since the beginning of the year, while Sonatrach invested more than $6 billion in 2026, compared to $5.3 billion in 2025. This reflects an improvement in the economic and extraction performance of Algeria's oil and gas sector.
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