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The 55th Anniversary of the Nationalization of Hydrocarbons: A Path to Sovereignty Strengthened by Giant Valorization Projects

February 24, 2026اقتصاد – الشروق أونلاينechoroukonline.comTranslated from Arabic
The 55th Anniversary of the Nationalization of Hydrocarbons: A Path to Sovereignty Strengthened by Giant Valorization Projects

Algeria commemorates today, Tuesday, the fifty-fifth anniversary of the nationalization of hydrocarbons in a context characterized by the state's determination to continue implementing major structuring projects to valorize national resources, reflecting an increasing ambition to build a diverse and emerging economy and enhance energy sovereignty. This occasion recalls February 24, 1971, when the late President Houari Boumediene announced the decision to nationalize hydrocarbons, a step that enabled Algeria to regain 51 percent of the assets of French oil companies with public concessions oper...

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