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

*ALL DATA 2018 UNLESS OTHERWISE INDICATED

Oil & Gas

21 Aug, 2020

Featured

Algeria: First Half Oil Output Lowest In Decades

With Algeria cutting output in line with Opec+ commitments, MEES takes a look at some of the areas where the country has been reducing output.

Algeria's Crude And Condensate Output In 1H20 Has Fallen Each Year Since 1H14

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NEWS IN BRIEF

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

28 Aug, 2020

Algeria: LPG Train Delay

7 Aug, 2020

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 Gas Supplies To Spain Are Lowest In At Least 17 Years With All Export Routes Seeing Substantial Falls (BCM)

Algeria To Italy Piped Gas Supplies Are Lowest Since The First Half Of 2015 (BCM)

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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