After three rather disappointing bidding rounds and increasingly lacklustre interest from international oil and gas companies, Algeria’s minister of energy and mines, Youcef Yousfi, declared towards the end of 2011 that the country needed to review its hydrocarbons legislation. Algeria’s Council of Ministers approved changes to its 2005 Hydrocarbons...
How can Algeria reduce consumption of fossil fuels and develop sources of renewable energy?
Although it is well known as a major player in the global oil and gas industry, it is Algeria’s mining sector that is now in the spotlight, with the country expected to benefit from recent legislative and regulatory changes, as well as increasing government backing. Mining has long been considered an important basis for industrial development and is...
Given its substantial oil and gas reserves, Algeria has maintained its position as a major global player in the hydrocarbons sector. Of all the oil exporters in the world, Algeria ranks 16th, with most of its oil heading to the US and Europe. Algeria is the fourth-largest crude oil producer in Africa, with an estimated 12.2bn barrels of proven...
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