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.
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 |
5 Mar, 2021
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Western Desert focused Apache saw oil output plummet to a 12-year low 165,600 b/d last year. Despite seeing “opportunity,” more falls are in store this year.
5 Mar, 2021
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