Algeria will invest $39 billion in its energy sector from 2022 to 2026 to maintain its hydrocarbon output, Sonatrach’s CEO Tewfiq Hakkar told state TV ALG24.

Of the $39 billion investment, $6 billion will be invested in 2022, Hakkar said.

Ninety-five percent of Algeria’s foreign revenues are from oil and gas sales.
Source: Reuters (Reporting by Lamine Chikhi; Editing by Alison Williams)