North Africa

Algeria

Within Opec, Algeria is perhaps second only to Venezuela in its inability to adapt to lower oil prices since 2014. Massive deficits are the legacy of spending largesse in the wake of the 2011 ‘Arab Spring’. More upstream investment is desperately needed but it's far from clear that the new Oil Law will do the trick.

State of Play

Algeria's chronic economic problems are rooted in an overwhelming reliance on declining oil and gas output. This may fuel political instability for years to come unless the government offers IOCs the incentive to boost investment.

2019 In Numbers

Crude Output	1.03	mn b/d
Crude Exports	0.49*	mn b/d
Condensate Exports	0.35	mn b/d
Gas Output	85*	bcm
Gas Exports	45*	bcm
Oil & Gas export revenue	33.2	$bn

*Estimated

Oil & Gas

26 Jun, 2020

Featured

Algeria Oil & Gas: Searching For Stability

Algeria’s new energy minister Abdelmadjid Attar talks a good game. But will he be able to resuscitate the country’s troubled oil and gas sector?

Algeria's Oil Output Is Lowest Since 1994, With Exports In The First Four Months Lowest Since 1998 (mn b/d)

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NEWS IN BRIEF

Algeria Raises Saharan Blend OSP To +0.40 For June, Up $2.90/B From May’s 8-Year Low ($/B)

29 May, 2020

Algeria’s 4GW Solar PV Plan

22 May, 2020

Algeria Halves Operating Budget

8 May, 2020

Algeria Signs Exxon MoU

24 Apr, 2020

Algeria Inks E&P MoUs

17 Apr, 2020

Algeria’s Touat Hits Peak

3 Apr, 2020

Algeria-To-Italy Gas Slump

13 Mar, 2020

Algeria’s 3.5BCM/Y Ain Tsila ‘Ahead Of Schedule’

21 Feb, 2020

1: Algeria Oil Export Revenues* Fall To Record Low For March

2: Algeria Has Committed To Cut Its Crude Output By A Fifth To 816,000 B/D For May & June (Mn B/D)

3: Algeria Could See Its Lowest Gross Oil Revenues* In Almost Two Decades This Year

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