Algeria's upstream malaise
Loading current market price
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 contains
Table of contents
-
Executive summary
- Depressed oil-price, depressed state income
- A waiting game
- Sonatrach to the rescue?
Tables and charts
This report includes 3 images and tables including:
Images
- Current account balance and production
- Impact of project delays on a typical Algerian project
- Sonatrach's share of capex
You may be interested in
Total corporate report
CNOOC corporate - reported results analysis
Tullow Oil corporate - latest WM quarterly data
Questions about this report?
-
Europe:+44 131 243 4699
-
Americas:+1 713 470 1900
-
Asia Pacific:+61 2 8224 8898