Hydrocarbons production remains central to the Algerian economy, worth AD4.66trn (€42.87bn) in 2014, or 27% of GDP – down from 29.8% the previous year and a recent peak of 35.8% in 2011. Hydrocarbons also account for around 97% of export revenues and 58% of government income. However, the sharp fall in oil prices since mid-2014 has put...
With industrial production increasing, construction projects breaking ground and transport activity rising, Algeria’s economy has benefitted from stable growth in a diverse array of sectors. However, oil and gas remain the lifeblood of the economy. As a result, the fall in the international price of oil since mid-2014 is having a substantial...
I’m optimistic about the outcome of the Paris Climate Conference, because I see that things are moving and are accelerating in the field of sustainable energy. There is still a lot of work to do, but I am thankful to the Algerian authorities for their commitment to helping France achieve the goals of the Paris Climate Conference. In September...
Algeria’s foreign policy has long been characterised by an independent streak, which has allowed the country to broaden its diplomatic ties in order to strengthen and deepen trade ties. The country has been particularly active in cultivating links with regional neighbours, and also benefits from close relations with major powers like the US...
After half a century of turbulence, the last 15 years has been a period of relative peace and stability for Algeria. The country was little affected by the Arab Spring of 2011 and the latest presidential election in April 2014 unfolded smoothly.
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