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Norwegian energy major Equinor reaffirmed its intention to strengthen its presence and investments in Algeria, underscoring the country’s resurgence as a key player in the global energy market. This move aligns with a broader wave of renewed multinational interest in Algeria’s hydrocarbon sector.
During a meeting with Minister of State Mohamed Arkab, Philippe Mathieu, Executive Vice President of Equinor, discussed expanding energy cooperation between the two partners. Active in Algeria since 2004, Equinor plans to broaden its collaboration into strategic areas such as petrochemicals, carbon emissions reduction, and the development of low-carbon fuels. The company’s joint ventures with British Petroleum in In Salah and In Amenas were highlighted as examples of successful partnerships.
Minister Arkab emphasized the advantages of Algeria’s new hydrocarbons law, which provides guarantees and incentives for foreign investors, as well as opportunities in research, training, and technology transfer. Equinor, in turn, praised Algeria’s reliability as an energy partner and reiterated its long-term commitment to the country.
This engagement comes amid a broader trend of revitalized investment in Algeria’s energy sector. In 2025, major global players—including ExxonMobil, Chevron, TotalEnergies, Eni, and QatarEnergy—participated in tenders or bilateral negotiations. The country’s first public tender in over a decade awarded five of six available zones, attracting total investments worth USD 936 million.
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Additionally, a series of bilateral agreements were signed with companies such as Occidental Petroleum, Eni (worth USD 1.35 billion), Chevron, and Shell. Algeria’s renewed attractiveness stems from legislative reforms, political stability, rich exploration potential, and its strategic proximity to European markets eager to diversify their energy sources.
