An anticipated recovery in the upstream segment in 2017 could spur a new round of investment, and downstream demand is expected to continue rising, particularly as vehicle sales accelerate. While the forecast for 2015 is mixed, the industry’s long-term prospects remain bright, and the sector is likely to be a major economic engine over the next five years. The total volume of petroleum...
Energy
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Kenya is one of the economic and political heavyweights of East Africa. Despite recent security issues, it is recording strong economic growth and maintaining its leading position in the region. Recent discoveries of new oil, gas and water reserves and a young population give further cause for optimism, and the government is working to put the right policies into place to maximise the country’s potential.
Articles & Analysis | Drop in oil prices has led to a current account deficit in Algeria from The Report: Algeria 2015
Hydrocarbons wealth has underwritten Algeria’s growth for decades, allowing the country to accumulate huge foreign currency reserves and underwrite a major public spending campaign over the past 10 years. Thanks to high oil and gas prices, the government has been able to fund infrastructure and social programmes, including subsidies, helping...
Interviews & Viewpoints | Salah Khebri, Minister of Energy, on alternative energy and strategies for growth: Viewpoint from The Report: Algeria 2015
We are in an international environment marked by political and economic developments that directly impact the energy sector. We have all been faced with a significant drop in income from hydrocarbons exports. This situation is also occurring in a national economic context marked by the growth of social demands. This shows how important the...
Articles & Analysis | Continued government investment to reinvigorate Algeria's energy sector from The Report: Algeria 2015
Hydrocarbons activity is the single most important industry in Algeria, accounting for approximately 60% of government revenues and 95% of total exports. The fall in oil prices since mid-2014 of more than 50% had a negative impact on the country’s finances and resulted in a halving of earnings from hydrocarbons exports. Concerns have been...
