Algeria expects its oil and gas revenue to fall to $23 billion this year from $33 billion in 2019. OPEC member Algeria’s revenues from oil and gas sales were at $60 billion in 2014, before a sharp drop in prices.
Algeria passed a new energy law last November to make its oil sector more attractive but has not published the texts to implement it. International investors have been awaiting these to decide whether to come to Algeria.
Source : Reuters Africa
