Sonatrach Approves $60 Billion Five-Year Plan, Largest in Company History

At $60 billion, this is the largest capex cycle in Algeria's history. Oilfield service companies, drilling contractors, and EPC firms stand to benefit. The upcoming licensing round will be the key signal: strong international participation would validate the plan, while a weak response would raise execution concerns. Technip Energies, Samsung Engineering, ENI, and TotalEnergies are positioned as early movers.