Algeria’s strategic shift

The North African producer looks to be overhauling its legal and fiscal framework as it seeks to boost oil and gas output

Algeria is a key oil and gas producer on both regional and global scales, supported by its substantial proven reserves, significant production capacity and strategic export infrastructure. But low energy investment, the lack of enhanced oil recovery (EOR) technology and rising domestic demand have led to falling oil output, although gas production has rebounded in recent years. There are growing signs Algeria is overhauling its legal and fiscal framework to attract investment in hydrocarbons and is actively engaging with international companies. According to the Gas Exporting Countries Forum, Algerian gas production amounted to 186bcm in 2023 after dropping to as low as 168.39bcm in 2020. Th