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
Oil & Gas

23 Jul, 2021

Featured

Algeria: Record Gas Output

Algeria’s gas renaissance continues. Output is at a record high and for the first time in over a decade this is translating into higher exports.
Algeria Sales Gas Output Of 45.5bcm For 5m 2021 Is Running 8% Up On The Previous Record Set In 2017 (bcm)
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NEWS IN BRIEF

Algeria Oil Project Sees Output Slump

23 Jul, 2021

Algeria Names New PM

2 Jul, 2021

Algeria: Touat Gas Restart

14 May, 2021

BP/Equinor Algeria Gas Boost

14 May, 2021

Petrofac Says Algeria’s Ain Tsila Project Moving Ahead

30 Apr, 2021

Sonatrach Signs MoU With Shell Trading

2 Apr, 2021

Eni Eyes New Algeria Deal

26 Mar, 2021

Neptune’s Algeria Gas Project Down

12 Mar, 2021

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SELECTED DATA

Algeria’s Sales Gas Output Hits Its Highest Level On Record In 1Q21 (bcm)

Algeria’s BP & Equinor-Led In Amenas And In Salah Gas Projects Saw Their Combined Output Hit A Near Two Year High In 1Q21 (mn cfd)

Algeria’s Combined Piped Gas Supplies To Italy And Spain Are Highest Since 1Q18 (bcm)

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