Middle East Economic Survey


No 12


Algeria To Spend $63Bn On Energy Projects Over The Next Five Years

Defying the global economic gloom, Algerias Minister of Energy and Mines Chakib Khelil announced last week that $63bn would be invested in the countrys oil and gas sector between 2009 and 2013, a dramatic increase from last years estimated five-year spending plan of $45bn. Much of the extra money will go towards new downstream projects, including the 300,000 b/d Tiaret refinery...