North Africa

Algeria

Algeria is tentatively trying to open its long-sclerotic economy to foreign investment in a bid to both bolster stalling oil and gas output and to kickstart a renewables sector.

State of Play

Algeria's economy remains overwhelmingly reliant on oil and gas export revenues despite halting attempts at diversification. With domestic consumption on the rise, export volumes and with them revenues are under threat.

2024 In Numbers
Crude Output 910,000 b/d
Crude Exports 400,000 b/d
NGLs/Condensate output 460,000 b/d
Gas Output 98 bcm
Gas Exports 48 bcm
Corporate

18 Apr, 2025

Featured

Eni Algeria Output Record Amid $9bn Investment Pledge

Eni extended its lead as Algeria’s top foreign producer in 2024, with more to come. But its most recent purchase, Touat, appears to be underperforming 400mn cfd capacity.
Eni Mena Output ('000 boe/d): Algeria Is Closing The Gap On Libya And Egypt With Record 2024 Volumes*
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NEWS IN BRIEF

Algeria Breaks Ground On 80MW Solar

21 Mar, 2025

Algeria: Alrar Restart

21 Feb, 2025

Algeria ‘Launches’ $2.3bn HRM Boosting

6 Dec, 2024

Algeria: Record Oil Demand

29 Nov, 2024

Algeria’s Tebboune: 5 More Years

13 Sep, 2024

Algeria’s Hassi Messaoud Refinery: Progress At Last?

23 Aug, 2024

Algeria Gas Compression Award

23 Aug, 2024

Algeria-Italy Power MoU

2 Aug, 2024

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SELECTED DATA

Algeria Gas Exports Slumped 21% Y-O-Y To Just 11.3bcm For Q3, The Lowest Since 2020’s Covid-Induced Demand Slump (bcm)

Algeria’s Gas Exports Fall 7% To 4-Year Low 36.2bcm For 9m 2024 (Bcm)

Algeria’s LNG Exports Are Down 11% From 2023’s Record Levels (mn tons)

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