Related Articles
The Hirak protest movement is deterring Algiers from taking necessary economic measures
Forward article link
Share PDF with colleagues

Oil recovery buys Algiers only limited time

New hydrocarbons law may represent a last-chance saloon for the North African producer

Crude’s surge above $60/bl in early 2021 has brought some relief to Algeria’s battered finances. But the prospect of further Opec+ output relaxation in May is a source of uncertainty, and recent calls for caution and market stability from the group by energy and mining minister Mohamed Arkab are symptomatic of Algiers’ nervousness. Fundamentally, however, Opec+ decisions barely scratch the surface of Algeria’s deeply seated difficulties in reforming its economy and reducing a crippling reliance on its oil and gas industry, which accounts for more than 95pc of export revenue and 60pc of its budget. 95pc – Oil and gas’ share of export revenues The effects of the 2020 pandemic sh

Comments

Comments

{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
Iraq renews gas drive
8 May 2021
Baghdad turns again to China to develop its second largest gasfield
European power trading innovation: Old dogs learn new tricks
7 May 2021
The founders of Energy Quantified by Montel have built analysis models before. But this time they have torn up the rulebook
Restrained US shale set for cashflow pay-off
7 May 2021
Rebounding oil prices have boosted company balance sheets, but debt remains the priority over growth
Sign Up For Our Newsletter
Project Data
Maps
PE Store
Social Links
Social Feeds
Featured Video