An Oil Country No More? Algerian Energy Exports Sink Rapidly
Bloomberg 2/8/2021 Verity Ratcliffe, Souhail Karam and Salma El Wardany
(Bloomberg) Algeria’s energy exports are plunging, threatening more financial suffering for the OPEC member and a potential repeat of the mass demonstrations that toppled the president two years ago.
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The North African nation’s struggling to keep up shipments of oil and gas the lifeblood of the economy as years of mismanagement and a lack of investment take their toll. The decrease is so severe that Algeria might cease to be an crude exporter within a decade, according to Cherif Belmihoub, a minister in charge of economic projections.
An Oil Country No More? Algerian Energy Exports Sink Rapidly
Bloomberg 2/8/2021 Verity Ratcliffe, Souhail Karam and Salma El Wardany
(Bloomberg) Algeria’s energy exports are plunging, threatening more financial suffering for the OPEC member and a potential repeat of the mass demonstrations that toppled the president two years ago.
Popular Searches
The North African nation’s struggling to keep up shipments of oil and gas the lifeblood of the economy as years of mismanagement and a lack of investment take their toll. The decrease is so severe that Algeria might cease to be an crude exporter within a decade, according to Cherif Belmihoub, a minister in charge of economic projections.