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

27 Mar, 2020

Featured

Total Takes Repsol Algeria Gas Stake, Awaits Approval

Total’s quest for cheap Mena barrels continues. In its 2019 annual report released 23 March, the French firm says...

Total’s Net Algeria Oil Output (‘000 b/d)

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NEWS IN BRIEF

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

Algeria Military Chief Dies

3 Jan, 2020

Algeria To Italy Gas: 2019 Slump, December Leap

3 Jan, 2020

Algeria: New President, Same Protests

13 Dec, 2019

Algeria Heads To The Polls

6 Dec, 2019

Algeria’s Upper House Passes Oil Law, 2020 Budget

29 Nov, 2019

Italian Piped Gas Imports From Algeria Are On Track For Lowest Monthly Level In More Than Five Years (MN CFD)

Eni Net Algeria Output ('000 boe/d):

Algeria's Trade Deficit Hit $6.1bn For 2019 As Oil Prices Fell And Gas Prices Fell More

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