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Oufa: Nationalization of hydrocarbons is a historic sovereign decision that allowed the launch of an economic and developmental future

February 23, 2026اقتصاد | الإذاعة الجزائريةradioalgerie.dzTranslated from Arabic
Oufa: Nationalization of hydrocarbons is a historic sovereign decision that allowed the launch of an economic and developmental future

Sofiane Oufa, Director of Cooperation and International Relations at the Ministry of Hydrocarbons and Mines, stated that the late President Houari Boumediene's decision to nationalize hydrocarbons on February 24, 1971, was not just an economic decision, but a historic sovereign decision that enabled Algeria to regain sovereignty over its natural resources and to embark on building its economic and developmental future.

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