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Monica_55905 Dec 01

Country Spotlight: Algeria

Country Spotlight: Algeria image
Country Spotlight session on Algeria, for aef2020 during the Digital Energy Festival. 
Part of the Country Spotlight series: Resource rich and focused on sector development, Algeria presents in detail their future energy landscape for investors. This country spotlight features a special address from the Algerian Ministry of Energy alongside the CEOs of Sonelgaz and the Vice-President, Business Development & Marketing from Sonatrach. 

The COVID-19 impact has accelerated a concerted development plan across Algeria’s renewable energy sector, as it looks to both enhance its hydrocarbon infrastructure, while also diversifying alongside it. The resultant energy transition and focus on renewables development will also include progress in regard to digitisation and startup fostering, as part of a wider development plan built to ensure energy security based on some core objectives. These include to increase oil and gas reserves and resources in the country, implementing legislation for a new Hydrocarbons Law to refine taxation and tenders, and an overall strive to create market visibility to encourage investment.

"The investment climate will be improved by simplifying procedures and notably by calling for a tenders process that includes remote consultation of data,” announced H.E. Honourable Abdelmadjid Attar, Minister of Energy, Ministry of Energy, Algeria. “It is planned to increase the level of primary production of hydrocarbons in the medium term to reach new goals by 2024. “Regarding energy, Algeria has opted for a policy which provides the population with access to electricity and gas as an absolute priority to improve citizens’ wellbeing on one hand, while contributing to boosting development on the other.”

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