Newer face, older problems
A new energy minister will try to end the stagnation in Algeria's upstream
Algeria's government hopes the appointment of a new energy minister and optimistic assessments of the oil and gas sector by senior officials all point to a change in fortunes in 2017. But there is little sign at present that the aspirations can be converted into expectations. The dismissal of Salah Khebri in June after only a year at the helm of the energy ministry was an acknowledgement of his failure to attract international investment and inspire upstream momentum. Natural gas production is static at around 82bn cubic metres a year and oil output is struggling to stay at 1.1m barrels a day. The appointment of an experienced energy sector professional to replace Khebri provided grounds for
Also in this section
1 November 2024
Ashgabat’s ambitions appear to mesh well with China’s growing appetite for gas
31 October 2024
The country is nearing a tipping point as its domestic needs continue to grow
30 October 2024
Attempts to control domestic fuel prices could threaten supply
29 October 2024
After some delay, the much-heralded sale of oil and gas companies’ mature upstream assets in sub-Saharan Africa has gained fresh momentum, with a clutch of deals reaching completion