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 1.04 mn b/d
Crude Exports 0.47 mn b/d
Condensate Exports 0.47 mn b/d
Gas Output 92 bcm
Gas Exports 53.3 bcm
Oil & Gas export revenue 38.3 $bn
Oil & Gas

19 Feb, 2021

Featured

Algeria's Gas Export Revenues Are Lowest Since 2002

Algeria notched up a slight increase in gas output for 2020. But exports’ share of sales gas output fell to a record low 43% with revenues the lowest since 2002.
Algeria's Gas Export Revenues Are Lowest Since 2002
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NEWS IN BRIEF

Algeria Plans New Elections

19 Feb, 2021

Eni & Algeria Eye Upstream Deal

11 Dec, 2020

PTT Doubles Algeria Stake

6 Nov, 2020

Algeria Constitution Passes

6 Nov, 2020

Algeria Gets IMF Covid Advice: Don’t Start From Here

16 Oct, 2020

Sonatrach & Spain’s Naturgy Settle Gas Price Battle

9 Oct, 2020

Algeria Cuts Saharan Blend Premium ($/B Vs Dated Brent)

28 Aug, 2020

Algeria: LPG Train Delay

7 Aug, 2020

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SELECTED DATA

2: Algeria's Piped Gas Exports To Italy (Bcm/M) Have Risen Every Month Since March's All Time Low To Reach 33-Month High In December

3: Algeria-To-Italy Gas Exports (BCM/Y) Are Up 13% In 2020 Despite A Record Low In March

1: Algeria’s Oil Output Is Set For Its Lowest Level Since At Least 1993 With Exports Also At Record Lows (Mn B/D)

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