What can be done to increase large-scale power generation in Algeria?
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Interviews & Viewpoints | Touffik Fredj, President and CEO for North-west Africa, General Electric: Interview from The Report: Algeria 2015
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 | Francesco Starace, CEO, ENEL: Interview from The Report: Algeria 2015
Articles & Analysis | Rising gas consumption in Algeria prompting focus on increasing production from The Report: Algeria 2015
As well as holding the 10th-largest gas reserves in the world, Algeria is also the top natural gas producer in Africa, with a total of 83.3bn cu metres (bcm) in 2014. Hydrocarbons have been one of the main drivers behind the country’s economic development, and according to the IMF they account for around 95% of Algeria’s export earnings,...
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. However, the dramatic drop in oil prices since mid-2014 has had an impact. Despite GDP growth of 4% in 2014, Algeria also experienced its first current account deficit since the late 1990s,...
Algeria is a country rich in history and situated in a strategically important region. While its past has at times been turbulent, the last decade has been one of relative peace. Economic growth and development has followed, driven primarily by advances in the hydrocarbons sector.