Algeria's state-owned hydrocarbon firm Sonatrach will invest $40 billion into oil exploration, production and refinement as well as gas prospecting and extraction between 2022 and 2026, CEO Toufik Hakkar said recently.
"Our investment plan between 2022 and 2026 is approximately $40 billion, including $8 billion in 2022," Hakkar said on state television, noting that a third of investments will involve foreign partners.