North Africa
Algeria
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 |
7 Mar, 2025
Featured
Sinopec-Algeria: Exploration Deal As Work Starts On Refinery
China’s Sinopec will spend $850mn upstream on the new Hassi Berkane North block and is joining Sonatrach and Spain’s TR in building a new Hassi Messaoud refinery.
Algeria’s Berkine Basin Oil Heartland
NEWS IN BRIEF
Algeria Breaks Ground On 80MW Solar
21 Mar, 2025
Algeria: Alrar Restart
21 Feb, 2025
Algeria ‘Launches’ $2.3bn HRM Boosting
6 Dec, 2024
Algeria: Record Oil Demand
29 Nov, 2024
Algeria’s Tebboune: 5 More Years
13 Sep, 2024
Algeria’s Hassi Messaoud Refinery: Progress At Last?
23 Aug, 2024
Algeria Gas Compression Award
23 Aug, 2024
Algeria-Italy Power MoU
2 Aug, 2024
SELECTED DATA
Algeria Gas Exports Slumped 21% Y-O-Y To Just 11.3bcm For Q3, The Lowest Since 2020’s Covid-Induced Demand Slump (bcm)
Algeria’s Gas Exports Fall 7% To 4-Year Low 36.2bcm For 9m 2024 (Bcm)
Algeria’s LNG Exports Are Down 11% From 2023’s Record Levels (mn tons)
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