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Mr Bouteflika’s re-election came as no surprise, and predictability is also what the energy sector can expect over the course of the next five years, should the 77-year old complete his mandate.
Algeria has laid out measures to stem the decline in oil and gas output. The success of these efforts in changing a culture where year-long delays to key upstream projects are routine may prove key to the success or failure of President Bouteflika’s fourth term.
OUTPUT DOWN, DEMAND UP, EXPORTS DOWN MORE
Algeria has seen its oil and gas output decline in recent years; export volumes are being squeezed further by rising domestic demand. (CONTINUED - 1038 WORDS)