Algeria

It is difficult to see a peaceful resolution to the mass demonstrations against ailing president Bouteflika's plans to seek a fifth term. Certainly 'le pouvoir' lack answers.

Sonatrach has completed the modest expansion of the Algiers refinery, but years late. Efforts at overseas downstream expansion look much more sprightly.

Collective oil output at three key fields in Algeria’s Berkine Basin fell to 319,000 b/d in Q4 and 320,000...

Algeria’s foreign exchange reserves have fallen below $80bn for the first time since December 2006. Speaking on 2 February,...

Russian state firm Gazprom plans to only develop two of the four gas-condensate fields discovered in a nine-well 2009-16...

Algeria’s state petroleum firm Sonatrach and France’s Total have finalized their Sonatrach Total Entreprise Polymères (STEP) JV to develop...

Algeria plans to cut spending in 2019 in a modest reversal of 2018, when a blowout budget was planned but in reality spending undershot. Algiers is no closer to ending a run of budget deficits stretching back to 2009; it would need an improbable $88/B to balance its 2019 finances with the budget anticipating a $17.4bn deficit.

French utility firm Electricite de France (EDF) is looking to raise around $2bn from the sale of the upstream...

Algeria cut its 2018 trade deficit to $5bn with an oil products deal. With output down, exports down, and oil prices falling, this may be as good as it gets.

Algeria’s 4.5bcm/y (435mn cfd) Touat gas project looks set to deliver first commercial output early in the new year....

Spain’s Repsol, the UK’s BP and Italy’s Eni all have key acreage on both sides of Algeria’s border with Libya, as does Algerian state firm Sonatrach.

US independent Anadarko is the largest foreign oil producer in Algeria. It’s fields in the Berkine Basin – El...