North Africa


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.

2019 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
Oil & Gas export revenue 38.3 $bn
Choose Sections
Load more


Egypt Reserves* Rise For 5th Consecutive Month To $39.2bn For October Still 14% Down On Feb20 Record $45.5bn($Bn, End-Month)

1: Egypt Monthly Renewables Generation Topped 1twh For First Time In July (TWH)

4: Algeria’s Crude And Condensate (Mn B/D) In 9M20 Is Down 23% On Decade Ago Numbers. Exports Are Down By More At 33%

Get Our Headlines Weekly

Keep abreast with current events with our weekly headlines.
You’ll also be notified of our free articles & maps.

By signing up, you agree to receive promotional emails. You can unsubscribe at any time. For more information, read our privacy statement.