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4 Pages

Algeria's upstream malaise

Algeria's upstream malaise

Report summary

Despite having a healthy resource base, Algeria is finding it exceedingly difficult to attract investment in its upstream industry. Existing structural shortcomings such as red-tape, bureaucracy and slow decision making have been compounded by a depressed oil-price and perceived fiscal unattractiveness. This has lead to low interest in licensing rounds and a lack of appetite in exploration, leaving Sonatrach, the national oil company, in a precarious position as it attempts to fill the gap in activity left by IOCs. However, in light of Algeria’s deepening current account deficit, and the government's unwillingness to cut subsidies, Sonatrach will be challenged in funding this role. 

What's included?

This report includes 1 file(s)

  • Algeria's upstream malaise PDF - 288.62 KB 4 Pages, 0 Tables, 3 Figures


This Upstream Oil and Gas Insight report highlights the key issues surrounding this topic, and draws out the key implications for those involved.

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  • Executive summary
    • Depressed oil-price, depressed state income
    • A waiting game
    • Sonatrach to the rescue?

In this report there are 3 tables or charts, including:

  • Executive summary
    • Current account balance and production
    • Impact of project delays on a typical Algerian project
    • Sonatrach's share of capex
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