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October 7, 2025 | 1 day ago

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NAPEC 2025: Arkab announces a $60 billion investment plan over five years

At the opening of the 13th edition of the NAPEC Exhibition (Africa & Mediterranean Energy & Hydrogen Exhibition and Conference), Minister of State and Minister of Hydrocarbons Mohamed Arkab delivered a powerful speech announcing a $60 billion investment plan over the next five years to modernize national energy infrastructure, boost production, and accelerate the transition to new and renewable energies.

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At NAPEC 2025 in Oran, Energy Minister Mohamed Arkab stated that Algeria's energy transition includes natural gas as a strategic fuel. He announced a $60 billion investment plan (2025–2029), mainly dedicated to upstream oil and gas, and welcomed the award of five exploration permits to international groups.

He also highlighted the Trans-Saharan gas pipeline project to Europe and the country's environmental commitments, including reducing flaring to less than 1% by 2030. Sonatrach CEO Rachid Hachichi emphasized Algeria's role as an energy bridge between Africa and Europe, the importance of innovations such as AI, CO₂ capture, and the development of green hydrogen.

October 7, 2025 | algeria-logo

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