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.
Crude Output | 0.899 | mn b/d |
Crude Exports | 0.36 | mn b/d |
Condensate Exports | 0.25 | mn b/d |
Gas Output | 87.7 | bcm |
Gas Exports | 38.2 | bcm |
Oil & Gas export revenue | 20.2 | $bn |
15 Apr, 2022
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As Europe scrambles for more gas, Eni is solidifying Italy’s imports from North Africa through a key deal for Algerian gas. It also secured Egyptian commitments.
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