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The 55th Anniversary of the Nationalization of Hydrocarbons.. SONATRACH Invests $60 Billion to Enhance Sovereign Projects

February 24, 2026اقتصاد – الشروق أونلاينechoroukonline.comTranslated from Arabic
The 55th Anniversary of the Nationalization of Hydrocarbons.. SONATRACH Invests $60 Billion to Enhance Sovereign Projects

Algeria commemorates today, Tuesday, the 55th anniversary of the nationalization of hydrocarbons in a context characterized by the state's determination to continue implementing major structured projects to enhance national resources, reflecting an increasing ambition to build a diverse and emerging economy and strengthen 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 operating ...

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