North Africa

Algeria

Algeria is tentatively trying to open its long-sclerotic economy to foreign investment in a bid to both bolster stalling oil and gas output and to kickstart a renewables sector.

State of Play

Algeria's economy remains overwhelmingly reliant on oil and gas export revenues despite halting attempts at diversification. With domestic consumption on the rise, export volumes and with them revenues are under threat.

2024 In Numbers
Crude Output 910,000 b/d
Crude Exports 400,000 b/d
NGLs/Condensate output 460,000 b/d
Gas Output 98 bcm
Gas Exports 48 bcm
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SELECTED DATA

Algeria’s Pipeline Gas Exports Are Down 3.5% Year-On-Year In 2025 (bn cfd)

Algeria's Top Foreign Producers ('000 boe/d, Net): Eni Has Extended Its Lead With Successive Purchases Over 2022-24

Algeria’s Oil Output Is Down 300,000 b/d Since The Last Bid Round In 2014, With The Fall Only Partly Due To Opec+ Output Restrictions* (‘000 b/d)

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