Algeria, Sonatrach banking on high energy prices for 2023
Al-Monitor Pro Members
Journalist and analyst specialized in North Africa
Jan. 4, 2023
For Algeria, high energy priceshave meant stronger export revenues, an improved budgetary situation, and renewed interest from foreign investors in upstream development. As Europe attempts to diversify away from Russian hydrocarbons, the strategic value of Algerian energy reserves has increased significantly. But Algeria’s production capacity can rise only gradually. Whether the current boom in energy demand will be sufficient to reverse years of under-investment in Algeria’s energy sector remains to be seen.
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