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 direct legacy of spending largesse in the wake of the 2011 ‘Arab Spring’. More upstream investment is desperately needed but this will require improved terms, now promised for 2019.
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.
2018 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
LNG Exports
9.4
mn tons
Oil & Gas export revenue
38.3
$bn
| 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 |
| LNG Exports | 9.4 | mn tons |
| Oil & Gas export revenue | 38.3 | $bn |
6 Sep, 2019
Featured
Algeria’s Gas Projects: Playing Catch-Up
Algeria gas output is falling. The country has plenty of projects in the pipeline, but bringing them online is the real challenge. The next new project will not start up until at least 2022.
Algeria’s Key Oil And Gas Infrastructure
NEWS IN BRIEF
Algeria Looks To Ease 51/49 Rule
13 Sep, 2019
Algerian Army Chief Losing Patience
13 Sep, 2019
Algeria’s Touat Finally Starts Up
13 Sep, 2019
Algeria Solar Bids Disappoint
21 Jun, 2019
Turkey Gas: Iran Firm, Algeria Record
31 May, 2019
Cepsa Algeria FEED
24 May, 2019
SELECTED DATA
Algeria’s Budget Balance: Heading For 11th Straight Deficit In 2019, A Cumulative $118bn Since 2009
Algeria’s Foreign Currency Reserves Fall To 12-Year Low Of $80bn At End-2018 ($BN, End Period)
Algeria's Generating Capacity Vs Peak Demand (GW)
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