Open figure viewer
Significance
Its export revenue rose by 70% year-on-year in 2021 to USD34.5bn. It is now seeking to maintain momentum through a USD40bn five-year investment programme, focused on exploration and production.
Impacts
Sonatrach is also looking to launch a bid round for new exploration permits.
Long-term investors, such as Eni, have sought to link their new oil and gas projects in Algeria to an eventual switch to post-carbon energy.
The strong rise in oil and gas revenue will give Algeria more time to implement reforms geared towards long-term sustainability.
© Oxford Analytica 2022. All rights reserved. This content contains general information about geopolitical, macroeconomic and social developments or (where stated) other matters. It does not contain advice or recommendations that may be relied on. Where links to external websites are provided, this does not indicate that Oxford Analytica or Emerald agree with, endorse or have checked for accuracy the contents of said sites.
2022
You do not currently have access to this content.
