Algeria

...

Algerian crude output fell by 40,000 b/d to 1.00mn b/d for March with the mid-month start of scheduled maintenance at...

The latest 5-year spending plan of Algeria's Sonatrach sees a $20bn cut. But chronic project delays mean that, if this is hit, spending would actually increase.

Algeria’s key upcoming gas expansion project is less than it seems. ‘Tinhert’ will see the tying in of small peripheral Illizi Basin fields. But this will likely do no more than make up for ongoing declines at the region’s mature fields. These include Total’s TFT, where production fell by 1/3 last year. Needless to say, Tinhert is massively delayed.

Algeria’s 2017 gas output was only just shy of record levels set the previous year. With the second of two key ‘Southwest Gas Project’ components starting up this week, the country can expect new records in 2018.

French oil major Total is showing renewed commitment to Algeria in the wake of its recent acquisitions of Maersk and Engie LNG.

Sonatrach and Italian contractor Saipem have agreed to end a legal dispute over four contracts in Algeria, Saipem announced 14...

When it comes to root and branch changes to Algeria’s oil sector strategy, Sonatrach president Abdelmoumen Ould Kaddour is up against powerful reactionary forces. At least he appears willing to extend an olive branch to IOCs.

Algeria has recorded trade deficits totaling $45.2bn since 2015. Last year’s was over $11bn despite a 24% rise in oil prices. Reserves fell to a 10-year low in a bid to balance the books. With economic reform going nowhere, Algeria’s only ‘plan’ to end trade deficits is banning imports.