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 | 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 |
10 Jan, 2020
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This week saw Algeria finally advance a long-stalled $3.7bn refinery project. It also saw the coming into force of a new oil law intended to spur much-needed upstream investment. But new President Abdelmadjid Tebboune faces a Sisyphean task to revitalise the country’s sclerotic economy.
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