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

1 Oct, 2021

Featured

Algeria Gas Exports Continue 2021 Surge

Algeria’s export revenues have seen a post-Covid surge. But rigid long-term contracts and capacity limits have cramped the ability to gain from record spot prices.

Algeria's Gas Exports Continue Their Remarkable Turnaround This Year With Volumes Higher Than 2020 (bcm)

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NEWS IN BRIEF

Algeria: 1GW Solar Tender By End-2021, Hydrogen Plans

8 Oct, 2021

Algeria’s Bouteflika Dies

24 Sep, 2021

Algeria Plans $10bn Oil & Gas Capex In 2022

17 Sep, 2021

Algeria: Medgaz Pipeline Expansion In November

3 Sep, 2021

Algeria: Delay To Key Gas Projects

27 Aug, 2021

Algeria’s Touat: More Problems

13 Aug, 2021

Total Expands In Algeria, Quits US LNG

30 Jul, 2021

Algeria Oil Project Sees Output Slump

23 Jul, 2021

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)

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