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.
Crude Output | 1.04 | mn b/d |
Crude Exports | 0.47 | mn b/d |
Condensate Exports | 0.47 | mn b/d |
Gas Output | 92 | bcm |
Gas Exports | 53.3 | bcm |
Oil & Gas export revenue | 38.3 | $bn |
19 Feb, 2021
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Algeria notched up a slight increase in gas output for 2020. But exports’ share of sales gas output fell to a record low 43% with revenues the lowest since 2002.
19 Feb, 2021
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