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عين ليبيا
Algeria uncovers 17 new oil and gas sites in 2026
Algeria announced the discovery of 17 new oil and gas reserves since the beginning of 2026, coinciding with an increase in hydrocarbon export revenues to $37.5 billion by the end of September. Sonatrach invested more than $6 billion by the end of September 2026, a 21% increase compared to the previous year, as part of its efforts to develop the sector and boost production capacity. The government aims to increase production by an average of 2% annually until 2027, with plans to invest $50 billion between 2024 and 2028 to strengthen oil and gas resources and increase exports.
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