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 direct legacy of spending largesse in the wake of the 2011 ‘Arab Spring’. More upstream investment is desperately needed but this will require improved terms, now promised for 2019.

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.

2018 In Numbers

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

Power & Water

12 Jul, 2019

Featured

Algeria Adding Powergen Capacity, But Big CCGT Progress Piecemeal

Algeria’s powergen capacity is well above 2019’s expected peak load. But additional increments are in less-efficient open cycle mode, while gas fuel is a long-term concern.

Algeria's Installed Powergen Capacity (Gw, Year-End)

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NEWS IN BRIEF

Algeria: Falling Output At Key Bp/Equinor-Operated Wet Gas Projects

2 Aug, 2019

Algeria Still In The Dark Over Total/Anadarko Side-Deal

5 Jul, 2019

Algeria Solar Bids Disappoint

21 Jun, 2019

Turkey Gas: Iran Firm, Algeria Record

31 May, 2019

Cepsa Algeria FEED

24 May, 2019

Sonatrach Goes West

24 May, 2019

Algeria: Protests Continue

12 Apr, 2019

Algeria: Walls Close In On Bouteflika

29 Mar, 2019

Algeria’s Budget Balance: Heading For 11th Straight Deficit In 2019, A Cumulative $118bn Since 2009

Algeria’s Foreign Currency Reserves Fall To 12-Year Low Of $80bn At End-2018 ($BN, End Period)

Algeria's Generating Capacity Vs Peak Demand (GW)

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