The Hirak protest movement is deterring Algiers from taking necessary economic measures
Oil recovery buys Algiers only limited time
New hydrocarbons law may represent a last-chance saloon for the North African producer
Crude’s surge above $60/bl in early 2021 has brought some relief to Algeria’s battered finances. But the prospect of further Opec+ output relaxation in May is a source of uncertainty, and recent calls for caution and market stability from the group by energy and mining minister Mohamed Arkab are symptomatic of Algiers’ nervousness. Fundamentally, however, Opec+ decisions barely scratch the surface of Algeria’s deeply seated difficulties in reforming its economy and reducing a crippling reliance on its oil and gas industry, which accounts for more than 95pc of export revenue and 60pc of its budget. 95pc – Oil and gas’ share of export revenues The effects of the 2020 pandemic shed furt
Also in this section
4 December 2025
Time is running out for Lukoil and Rosneft to divest international assets that will be mostly rendered useless to them when the US sanctions deadline arrives in mid-December
3 December 2025
Aramco’s pursuit of $30b in US gas partnerships marks a strategic pivot. The US gains capital and certainty; Saudi Arabia gains access, flexibility and a new export future
2 December 2025
The interplay between OPEC+, China and the US will define oil markets throughout 2026
1 December 2025
The North African producer’s first bidding round in almost two decades is an important milestone but the recent extension suggests a degree of trepidation
