Production at maturing oil and gas fields is encouraging Algeria to consider new approaches with regards to its hydrocarbons potential. In line with rising demand for electricity, the country has invested significantly in the power sector over the past 10 years. With rising domestic consumption and growing environmental awareness, solar energy has come to occupy a more prominent role in the...
Algeria Energy
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Articles & Analysis | Laws of attraction: The government is revising energy regulations with the aim of encouraging foreign investment in the upstream sector from The Report: Algeria 2017
The collapse in global oil prices has caused international interest in exploration and production (E&P) activities to slow down. Yet, Algeria has maintained its determination to boost its hydrocarbons sector, with plans targeting an increase in oil and gas output by 14% and 13%, respectively, by 2019. To keep up the momentum in the face of...
The collapse in oil prices has weighed on the Algerian economy, giving rise to twin deficits in the budget and current account. In mid-2016 the government introduced a bold medium-term plan that targets a balanced budget by 2020, alongside a new growth model with a strategy for economic development and diversification by 2030. These moves have coincided with the private sector playing a much stronger role in the economy.
Economic update | La stratégie algérienne en matière d’énergies renouvelables passe à la vitesse supérieure
29 Aug 2017
La création d’un nouveau ministère consacré aux énergies renouvelables constitue la dernière initiative de développement de la production d’énergie solaire et éolienne menée par le gouvernement algérien.
L’Algérie est en quête d’investisseurs étrangers pour son secteur des hydrocarbures par l’assouplissement des clauses contractuelles et l’intensification de l’exploration.
Articles & Analysis | Despite low oil prices, Algeria invests in its untapped energy potential from The Report: Algeria 2016
Algeria’s growth over the past decades has been driven in large part by heavy government spending, which is enabled by the country’s vast hydrocarbons wealth. As a result, as oil prices dropped – by almost 70% between the summer of 2014 and the beginning of 2016 — the consequences for the economy were significant, with Algeria experiencing a...