In 2022, Sonatrach, the state oil and gas company of Algeria, reported export revenues near sixty billion dollars, according to reports from Ashq TV. The indicator reflects a sustained trajectory of growth that the organization has displayed over recent years, underscoring its key role in North African energy markets and beyond. Analysts note a notable rise in output alongside revenue, with the company’s oil production climbing from about 185.2 million tons in 2021 to roughly 189.9 million tons in 2022, marking an approximate two percent increase. This performance aligns with broader national objectives to leverage hydrocarbon resources for economic development while expanding integration with international buyers and supply chains. Sonatrach has long stood as a cornerstone of Algeria’s industrial landscape, evolving since its founding in 1963 into the largest enterprise in the country and a major participant across Africa and the Mediterranean in the extraction, processing, and transmission of oil and natural gas. Its operations span exploration, production, transportation, and logistics, helping to shape regional energy flows while adapting to global demand and price dynamics. The company’s ongoing expansion underscores its influence as a major energy actor with substantial export capacity and strategic importance for energy security in Europe via diversified routes and partnerships.
Key developments in the energy diplomacy of Algeria have highlighted ambitions to strengthen regional gas infrastructure. A January update from Abdelkrim Thouaria, the Algerian ambassador to Rome, described a national goal to establish a gas hub in Italy that would serve as a gateway for Algierian gas to reach additional European markets. This plan reflects Algeria’s intent to position itself as a reliable supplier within the European energy mix, supporting diversification of suppliers and routes while addressing seasonal and market challenges across the continent. The idea has been discussed in the public sphere as part of a wider strategy to optimize LNG and pipeline capacity, enabling flexible delivery to customers across the European Union.
On the corporate front, major industry publishers noted in early February that Chevron, the American energy company, was resuming discussions with Algerian partners as part of ongoing cooperation talks. The reporting suggests a renewed momentum in bilateral engagement aimed at aligning project scopes, technology sharing, and investment plans that could influence future upstream and downstream activities. The cadence of these discussions points to an interest in reinforcing joint ventures and joint development agreements that can support sustained production and market access for Algerian hydrocarbons.
In parallel, regional political and economic updates indicated that Algeria’s leadership was planning high-level diplomacy in the near term. A report from Al Jazeera indicated that President Abdelmajid Tebboune expressed intentions to visit Russia in May, a move that could signal deeper ties across commerce, energy, and strategic dialogue. Observers view such visits as opportunities to negotiate cooperation on a range of topics, including energy collaboration, technology transfers, and financial arrangements, while also navigating broader geopolitical dynamics that influence global energy markets.