Algiers, Algeria – The annual budget for Sonatrach, Algeria’s state-owned oil and gas company, for the year 2026 has been approved. The approval took place during the Ordinary General Assembly held earlier today at Sonatrach’s headquarters.
The meeting was chaired by Mohamed Arkab, the Minister of Energy and Mines. Also in attendance were key figures including the Minister of Finance, Abderrahmane Raouya, the Governor of the Bank of Algeria, Salah Eddine Taleb, and a representative from the President’s office, Fouzi Amokrane, alongside Sonatrach’s CEO, Noureddine Daoudi, and members of the company’s board of directors.
In addition to approving the 2026 budget, the General Assembly adopted a medium-term development plan covering the period of 2026-2030. This plan aims to significantly bolster Sonatrach’s exploration and production activities. Furthermore, it prioritizes the development of downstream industries, with a particular focus on refining and petrochemicals, to adequately meet domestic market demands and enhance export capabilities.
The development plan underscores Sonatrach’s commitment to sustained growth and diversification within the energy sector.
Discussions during the assembly also touched upon Sonatrach’s ongoing efforts in key areas such as corporate governance, digitalization, and the energy transition. The company reiterated its dedication to adhering to international standards, especially those related to reducing its carbon footprint and minimizing emissions.
Sonatrach’s focus on environmental responsibility reflects a broader national strategy to promote sustainable development within the energy sector.
The approved budget and development plan signal a period of significant investment and strategic growth for Sonatrach, solidifying its position as a key player in the global energy market. The company aims to leverage its resources and expertise to contribute to Algeria’s economic prosperity and energy security.
