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المساء
Evening Fuel Revenue Hits $37.5B in September
The Algerian fuel sector has achieved positive results despite challenges, with the country's revenues from oil and gas exports reaching $37.5 billion by September 2026, marking a 37% increase compared to the previous year. This growth is attributed to the rise in the average oil price to $97 per barrel and developments in production. Sonatrach announced the discovery of 17 new fields this year, with plans to raise initial production to 201 million tons of oil equivalent by 2030, through investments exceeding $70 billion focused on maximizing the conversion and valorization of hydrocarbons. Additionally, the water network and environmental projects have been expanded, along with efforts to reduce the carbon footprint, improve digitalization, and enhance the sector's international capabilities.
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