In contrast to the country’s gas output which is enjoying a renaissance (MEES, 23 July), Algeria’s oil output capacity continues to decline.
Whilst overall crude output (900,000 b/d for July) continues to be constrained by Opec+ limits, both MEES and other analysts reckon that the country could not return to its 1.057mn b/d reference ‘baseline’ figure even if it wanted (MEES, 23 July). (CONTINUED - 315 WORDS)
