Algeria is one of the world’s gas powerhouses. It ranks 10th globally for both reserves and production, and its output is the highest in Africa. It is also the continent’s third largest oil producer.
But, having peaked in 2005, Algeria’s oil and gas output has been steadily declining. Gas production was 79 billion cubic metres (bcm) in 2013, down 11% from 2005. Oil production was 1.6 million barrels per day (bpd) in 2013, down from 2 million bpd in 2005, according to BP’s latest review of world energy, published in June 2014.
