Algiers – Sonatrach’s General Assembly has approved the company’s annual budget for 2026 and adopted its medium-term development plan spanning 2026-2030. The announcement was made Thursday by the Ministry of Hydrocarbons and Mines.
The development plan aims to bolster exploration and production activities, as well as to further develop the transformation industries, particularly refining and petrochemicals. The goal is to meet the needs of the national market and strengthen export capabilities.
The approved budget and development plan signal Sonatrach’s commitment to sustained growth and its strategic importance to the Algerian economy. The plan emphasizes maximizing the value of Algeria’s hydrocarbon resources through strategic investments and operational efficiencies.
This move comes as Algeria seeks to solidify its position as a key energy player in the region and globally. By focusing on both upstream and downstream activities, Sonatrach aims to ensure a stable and reliable supply of energy to meet domestic demand while capitalizing on export opportunities.
The details of the budget and development plan were not immediately available, but further information is expected to be released by Sonatrach in the coming weeks. Industry analysts will be closely watching the implementation of these plans as they unfold, given Sonatrach’s crucial role in Algeria’s economic landscape.
The adoption of the 2026 budget and the 2026-2030 development plan demonstrates Sonatrach’s long-term vision and commitment to driving growth and innovation within the energy sector. It is a key step towards achieving Algeria’s strategic objectives in the energy domain.
