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
10 March 2026
Eni’s director for global gas and LNG portfolio, Cristian Signoretto, discusses how demand will respond to rising LNG supply, and how the company is expanding its own gas and LNG operations through disciplined, capital-efficient investments
9 March 2026
Petroleum Economist analysis sees increases in output from Saudi Arabia, Venezuela and Kazakhstan among others before region’s murky descent
9 March 2026
Energy sanctions are becoming an increasingly prominent tool of US foreign policy, with the country’s growth in oil and gas production allowing it to impose pressure on rivals without jeopardising its own energy security or that of its allies, argues Matthew McManus, a visiting fellow at the National Center for Energy Analytics
6 March 2026
The March 2026 issue of Petroleum Economist is out now!
