Algeria's chronic economic problems are rooted in an overwhelming reliance on stagnating oil and gas output. While higher energy prices are providing much-needed financial relief, this could also stymie economic diversification efforts.
Crude Output | 0.911 | mn b/d |
Crude Exports | 0.373 | mn b/d |
Condensate Exports | 0.257 | mn b/d |
Gas Output | 102.8 | bcm |
Gas Exports | 54.1 | bcm |
Oil & Gas export revenue | 35.4 | $bn |
23 Feb, 2024
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With a surge in gas output bolstering NGLs supply, Algeria’s liquids exports edged higher for 2023 despite a 5% slump in crude output.
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