North Africa


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 export revenue 35.4 $bn
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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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