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Algeria aims to increase oil refining rate from 32% to 50% by 2029

February 24, 2026اقتصاد – الشروق أونلاينechoroukonline.comTranslated from Arabic
Algeria aims to increase oil refining rate from 32% to 50% by 2029

Wassila Houmel, Director of Hydrocarbon Processing and Marketing and Petroleum Resource Distribution, confirmed that Algeria has strengthened its position as a reliable partner in global oil and gas markets through massive investments and international partnership agreements during 2025–2026, aiming to enhance exploration and drilling capabilities and meet local demand. Houmel explained, during her appearance on the program 'Guest of the Morning' on the first radio channel, that Algeria has signed six major partnership contracts with international operators, the most notable being a contract w...

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