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	1.03	mn b/d
Crude Exports	0.49*	mn b/d
Condensate Exports	0.35	mn b/d
Gas Output	85*	bcm
Gas Exports	45*	bcm
Oil & Gas export revenue	33.2	$bn

*Estimated

Economics & Finance

22 May, 2020

Featured

Algeria’s Oil Revenues Test Record Lows

With Algeria’s 2020 oil export revenues on track for an 18-year low, the country’s finances, and potentially politics, could be stretched to breaking point.

Algeria's Gross Crude Revenues In March Is Lowest On Record

Choose Sections

NEWS IN BRIEF

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-To-Italy Gas Slump

13 Mar, 2020

Algeria’s 3.5BCM/Y Ain Tsila ‘Ahead Of Schedule’

21 Feb, 2020

Italian Piped Gas Imports From Algeria Are On Track For Lowest Monthly Level In More Than Five Years (MN CFD)

Eni Net Algeria Output ('000 boe/d):

Algeria's Trade Deficit Hit $6.1bn For 2019 As Oil Prices Fell And Gas Prices Fell More

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