North Africa

Algeria

Algeria is flying high again following the rise in energy prices after years of struggling to balance its books. More upstream investment is desperately needed but 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 stagnating oil and gas output. While higher energy prices are providing much-needed financial relief, this could also stymie economic diversification efforts.

2021 In Numbers

Crude Output	0.911	mn b/d
Crude Exports	0.373	mn b/d
Condensate Exports	0.257	mn b/d
Gas Output	102.8	bcm
Gas Exports	54.1	bcm

Oil & Gas

5 Jul, 2024

Featured

Algeria Struggles To Make Headway With Gas Export Boost Plans

Despite ambitious plans to double volumes, Algeria’s gas exports went sideways for 1H 2024 with targets for key market Italy missed by a wide margin.

Algeria Gas Exports Were Flat* Year On Year At 24.7bcm (4.8bn cfd) For 1h 2024 (bcm)

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NEWS IN BRIEF

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

Algeria Power Demand Record

26 Jul, 2024

Algeria Adds Power Capacity

12 Jul, 2024

Algeria Nears Gas Deals With Chevron, ExxonMobil

31 May, 2024

Algeria Gas Exports Down With Power Use Record

24 May, 2024

Algeria’s Touat: Claim And Counter-Claim

19 Apr, 2024

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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