Algeria's oil output was just 1.551mn b/d in July, the lowest figure since 2003.
Algeria is responding to Opec limits on oil production by seeking to maximize gas output at the expense of crude.
Good news in Algeria’s oil sector is hard to find. Instead of the country’s oil and liquids production increasing as...
Whilst foreign investors in Algeria’s upstream include an unlikely assortment of Asian NOCs, one firm heading for the exits is...
Algeria has taken a further turn towards isolationism with the newly-appointed PM and other senior figures signaling a total aversion to external fundraising. So far so conservative. But the central bank’s ‘unconventional’ plans look much more risky.
The new chief of Sonelgaz is sticking to an old policy – no external debt. The company says it can meet rising demand. But big CCGT projects are running late.
Cash-strapped Algeria is hoping to start up key gas projects, and boost revenue, before the end of 2017 with over 10bcm/year set to be added by mid-2018.
Total is paying $7.5bn to take over the oil unit of Denmark’s Maersk, the companies announced 21 August. Following the...
Algeria’s gas exports rose 5.5% in 1H17. With higher prices its deficit halved. But soaring demand is cutting into exports as prices ease. With Algiers still on track for an $11bn trade deficit, the third highest ever, its politicians must be worried.
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