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.

2020 In Numbers

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

Oil & Gas

15 Apr, 2022

Featured

Italy’s Eni Signs 9bcm/y Gas Supply Deal With Algeria

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.

Algeria Gas Exports Via The TransMed Pipeline (bcm): 2021 Volumes Imply Spare Capacity Of Almost 8bcm

Choose Sections

NEWS IN BRIEF

Algeria: Neptune Plans Touat Gas Restart

13 May, 2022

BHP Quits Algeria’s Rod

29 Apr, 2022

Algeria Cites Progress At Two Key Gas Projects

15 Apr, 2022

BP ‘Close To Selling’ Algeria Assets To Eni

18 Mar, 2022

Wintershall DEA And Sonatrach Eye Low Carbon Opportunities

25 Feb, 2022

Sonatrach Updates Niger PSC

18 Feb, 2022

Sonatrach Awards Sinopec $178mn LNG Tank EPC

18 Feb, 2022

BP/Equinor Algeria Gas Output Rebounds In 2021

11 Feb, 2022

1: An Eni Takeover Of BP's Algeria Assets Would Boost Its Net Liquids Output By A Quarter Based On 2020 Production Levels...

2: ...While The Addition Of BP’s Gas Output Could Double Eni’s Net Gas Take From Algeria

Algeria’s 1H 2021 Natural Gas Exports Were The Highest In A Decade (bcm)

Get Our Headlines Weekly

Keep abreast with current events with our weekly headlines.
You’ll also be notified of our free articles & maps.

By signing up, you agree to receive promotional emails. You can unsubscribe at any time. For more information, read our privacy statement.