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...
In 2011 the government launched the National Development Plan for Renewable Energies (Plan National de Développement des Energies Renouvelables, PNDER), a massive programme to develop renewable energies. The initiative entails plans for the addition of 22 GW to the national grid by 2030, entirely generated through renewable energies. “This...
In spite of the fact that Algeria has some of the largest oil and gas reserves in Africa, is among the continent’s top-five producers in oil and is the single biggest gas producer, the age of its upstream facilities is beginning to show, with maturing production levels. Output for both oil and gas has slowed steadily over the past decade,...
As Algeria attempts to curb the impact of the global downturn in oil prices and sustain economic growth, boosting hydrocarbons production to make up for lower prices and keep pace with rising domestic demand is a priority. Making the market attractive to foreign investors is fundamental to raising production, as are measures to ensure sustainable consumption of energy. With two-thirds of the...
Amid the constant change that has recently characterised North Africa, Algeria has charted a path of relative stability. This is largely due to vast oil and gas resources that have made it Africa’s fourth-largest economy.
What needs to be done to ensure the development of the Tweneboa, Enyenra and Ntomme (TEN) fields remains on schedule?
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