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Algeria inks $5.4 billion energy pact with Saudi Midad to raise output...
23 Oct, 2025 14:03 864 min read
Algeria has signed a $5.4 billion deal with Saudi Midad Energy to upgrade its aging oil and gas infrastructure. The deal, spanning three decades, includes a seven-year exploration period. Algeria's energy sector is crucial for export revenue and GDP. The deal includes seismic studies, drilling campaigns, and infrastructure improvements, aiming to become a regional leader.... More