European Majors And New Entrants Secure Key Algeria Blocks In ‘Successful’ Bid Round

...untry’s influence within Opec+. Algeria produced 1.145mn b/d of crude oil in 2014 (see chart 1), but the subsequent collapse in oil prices led to a reduction in oil sector investment and capacity has dwindled ever since. According to the IEA’s latest medium-term outlook, Oil 2025, production capacity st...