The country boasts the fourth-largest oil reserves and second-largest natural gas reserves in Africa, but production has declined in the last decade as existing fields mature. Changes to the regulatory framework in recent years have resulted in tighter capital inflows, but the government is working to encourage new investment and exploration to bolster production, including a long-awaited revision to the Hydrocarbons Code in 2013. Algeria benefits from some of the largest and most underexplored blocks of territory in the world, and the outlook for both conventional and non-conventional production is significant. Nonetheless, the country faces a number of challenges as it works to scale up energy and electricity production.
This chapter contains interviews with Youcef Yousfi, Minister for Energy and Mines; Saïd Sahnoun, Interim CEO, Sonatrach; Karen Agustiawan, Former CEO, Pertamina; and Abdallah Salem El-Badri, Secretary-General, OPEC.