Country
Algeria
Sector
Oil & Gas
Intelligence Type
Corporate
Status / Stage
Expanding
Confidence
Confirmed
Latest Development
Sonatrach is Algeria’s state oil and gas company — Africa’s second-largest oil producer and Europe’s third-largest gas supplier. It is implementing a $50bn investment programme (2024-2027), including expansion of Hassi R’Mel (Africa’s largest gas field). Algeria broke ground on its Trans-Saharan Gas Pipeline section on June 4, 2026.
Company Profile
Company TypeSoe
HeadquartersAlgiers, Algeria
Countries of OperationAlgeria; Niger; Nigeria (TSGP); Italy; Spain; Portugal (gas export)
Founded1963
Websitesonatrach.com
Key ExecutivesRachid Hachichi (President)
Employees~85,000
Revenue~$40bn (2024)
Key Developments
$50bn O&G programme 2024-2027. Hassi R'Mel expansion targeting increased production by 2027. TSGP: Algeria broke ground June 4, 2026 — first physical construction after 17 years of MoUs.
Key Risks
Long-term European gas demand decline due to renewables. TSGP completion depends on Nigeria and Niger sections (Niger security is the main risk).
What Happens Next
Hassi R'Mel production milestones; TSGP construction progress.
Commercial Opportunity Intelligence
Opportunity SignalAlgeria broke ground on Trans-Saharan Gas Pipeline June 4, 2026 — after 17 years of MoUs.
Commercial ReadinessCommercially Active
Source & Verification Trail
Last VerifiedAugust 2026
Source(s)Zawya March 2025; Enerdata; The Africa Report
Source Date2024–August 2026