Alegria Plans to Boost Oil& Gas Investments by $2.6 billion in 2022

Alegria Plans to Boost Oil& Gas Investments by $2.6 billion in 2022

The Algerian Prime Minister Ayman Benabderrahmane stated that his country intends to increase its oil and gas sector’s investments by $2.6 billion up from $7.4 billion to $10 billion during 2022, Reuters reported.

He added that this increase aims to boost the production by 8.9 million tons of oil equivalent to become 195.9 million tons of oil equivalent instead of 187 million tons of oil equivalent in 2022.

According to Reuters, Algeria decreased the planned oil and gas investments last year to $7 billion due to the financial pressure caused by Covid-19.

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