Algeria Energy

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The collapse in global oil prices has caused international interest in exploration and production (E&P) activities to slow down. Yet, Algeria has maintained its determination to boost its hydrocarbons sector, with plans targeting an increase in oil and gas output by 14% and 13%, respectively, by 2019. To keep up the momentum in the face of...

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.

La création d’un nouveau ministère consacré aux énergies renouvelables constitue la dernière initiative de développement de la production d’énergie solaire et éolienne menée par le gouvernement algérien.

L’Algérie est en quête d’investisseurs étrangers pour son secteur des hydrocarbures par l’assouplissement des clauses contractuelles et l’intensification de l’exploration.

 

 

We have set ambitious and promising targets for renewable energy, and we are determined to make the next 20 years an era of real development for sustainable energy. Algeria’s national plan envisages 47-51 TWh by 2030, of which more than 9 TWh should be installed by 2020.

 

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