Energy and Electricity Report Algeria
The Economist Intelligence Unit, February 2013, Pages: 14
Algeria's economy will be beholden to the oil and gas sector throughout the forecast period. Hydrocarbons accounted for 97% of Algeria's exports earnings in 2011, and the government will ensure that it remain the priority industry.
The Economist Intelligence Unit expects real GDP to grow by an annual rate of 3.5% on average in 2013-17. Energy consumption will be slightly faster as the government focuses on diversifying the economy and new oil and gas projects begin operation. The government will continue to expand the electricity and gas networks, which will support consumption levels in the longer term.
The oil and gas sector is controlled by Sonatrach, a state-owned company. Sonatrach is actively engaging in deals with international partners in Algeria and is particularly interested in developing non-conventional assets such as shale gas in the country. We expect this to continue despite restrictions on foreign investment in Algeria.
Industry List: Alternatives, Energy, Coal, Energy, Electricity, Energy, Energy, Energy, Nuclear, Energy, Oil and gas
Industry Codes (NAIC): 22
Industry Codes (SIC): 49
Energy and Electricity Report Algeria
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