Algeria Energy Articles & Analysis

Chapter | Energy from The Report: Algeria 2017

Production at maturing oil and gas fields is encouraging Algeria to consider new approaches with regards to its hydrocarbons potential. In line with rising demand for electricity, the country has invested significantly in the power sector over the past 10 years. With rising domestic consumption and growing environmental awareness, solar energy has come to occupy a more prominent role in the...

The collapse in oil prices has weighed on the Algerian economy, giving rise to twin deficits in the budget and current account. In mid-2016 the government introduced a bold medium-term plan that targets a balanced budget by 2020, alongside a new growth model with a strategy for economic development and diversification by 2030. These moves have coincided with the private sector playing a much stronger role in the economy.

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L’Algérie a intensifié ses investissements dans les secteurs pétrolier et gazier, lançant de nouveaux projets dans le cadre d’une stratégie qui vise à accroître la production et à développer l’industrie de la transformation pour créer de la valeur ajoutée.

 

Like most of the world’s producing countries, the glut in global oil supply and the subsequent collapse in prices has had a deep impact on Algeria’s economy, which has seen hydrocarbons revenues – for which state finances remain heavily dependent – sharply decline and foreign interest dampen. This, combined with maturing production at the...

 

What are the main challenges to improving energy efficiency in African markets?

 

Faced with dwindling oil and gas revenues, rising domestic consumption and growing environmental awareness, solar energy has come to occupy a more prominent role in the development of the country’s energy mix in recent years. Testament to this are government plans to develop a 4-GW solar project.

 

In line with rising demand for electricity, Algeria has invested significantly in its power sector over the past 10 years, with projects primarily carried out by state-owned power company Sonelgaz and its subsidiaries. Major upgrades embracing enhanced technologies have also been brought on-stream; however, there remains a pressing need to...

 

What is Sonatrach’s investment plan in terms of exploration and production for the years to 2022?