Maghreb Edition

Energy: More woes for the Algerian petroleum sector ($)F

Posted On 3 June 2022

Number of times this article was read : 924

Algeria’s energy sector is back in the spotlight as the country’s stabilized its political system for now and strong global demand for petroleum product has pushed the barrel of oil above the $100 mark. While Algeria could play an important role in offsetting the diminishing role of Russia as gas supplier, the North African country is facing shortcomings domestically after several years of neglecting its productive infrastructure, while putting pressure on existing gas assets to increase production for export. With the government busy settling scores amid continued clan warfare and an oil company Sonatrach poorly managed, Algeria may be missing the opportunity to take advantage of a global market in need of more fuel.

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