The Hirak protest movement is deterring Algiers from taking necessary economic measures
Oil recovery buys Algiers only limited time
New hydrocarbons law may represent a last-chance saloon for the North African producer
Crude’s surge above $60/bl in early 2021 has brought some relief to Algeria’s battered finances. But the prospect of further Opec+ output relaxation in May is a source of uncertainty, and recent calls for caution and market stability from the group by energy and mining minister Mohamed Arkab are symptomatic of Algiers’ nervousness. Fundamentally, however, Opec+ decisions barely scratch the surface of Algeria’s deeply seated difficulties in reforming its economy and reducing a crippling reliance on its oil and gas industry, which accounts for more than 95pc of export revenue and 60pc of its budget. 95pc – Oil and gas’ share of export revenues The effects of the 2020 pandemic shed furt
Also in this section
24 December 2025
As activity in the US Gulf has stagnated at a lower level, the government is taking steps to encourage fresh exploration and bolster field development work
23 December 2025
The new government has brought stability and security to the country, with the door now open to international investment
23 December 2025
A third wave of LNG supply is coming, and with it a likely oversupply of the fuel by 2028
22 December 2025
Weakening climate resolve in the developed world and rapidly growing demand in developing countries means peak oil is still a long way away
