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Sonatrach Raises 2025 Investment by 29% to $7.9 Billion, With Upstream Taking the Lead
news.google.com · November 3, 2026 · Week 2026-45
Summary
Algeria's national oil company, Sonatrach, has increased its planned investment for 2025 by 29% to a total of $7.9 billion. The budget prioritizes upstream activities, indicating a strategic focus on boosting exploration and production to enhance the country's oil and gas output.
Strategic Implication
This significant capex increase signals a forthcoming ramp-up in drilling and development activity in Algeria, creating opportunities for oilfield service and EPC contractors as Sonatrach aims to meet European gas demand.