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

Economics & Finance

7 Jan, 2022

Featured

Algeria’s 2021 Gas Exports Highest In Over A Decade

Algeria’s gas exports made an incredible turnaround in 2021 on the back of a boost in output. Hydrocarbon export revenues leapt by 70% despite lower oil volumes.

Algeria's Gas Exports Split: Volumes Hit An 11-Year High In 2021 (bcm)

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NEWS IN BRIEF

Algeria Joins The EBRD

29 Oct, 2021

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

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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