Algeria took the lead on shale gas exploration in the Arab world, hoping that the successful exploitation of its substantial resource potential would reverse a decline in domestic natural gas production and safeguard the Algerian economy.
Oil and gas are the backbone of the country’s finances, accounting for 62 percent of government revenue and 97 percent of export buy accutane online reviews earnings. But the decreased production and the sharp drop in oil and gas prices that began in late 2014 have hit Algeria hard. As the Algerian prime minister, Abdelmalek Sellal, put it in early 2015, “We are in a state of crisis.”
Published by Carnegie Middle East Center