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> Algeria’s crude oil output has been in steady decline since peaking at just over 1.4mn b/d in mid-2008. For the first half of 2015 production averaged just 1.08mn b/d, the lowest level since 2002 (see Graph 1). The fall is partly due to exceptional events – port closures due to storms in February, and a three-week maintenance shutdown of the Anadarko-operated 130,000 b/d HBNS facilities in April. But even without such problems MEES estimates that production was running at 1.11mn b/d for June, down 40,000 b/d on a year earlier.
GRAPH 1: ALGERIA CRUDE OUTPUT (MN B/D)
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