“Algerian gas is in the hands of a demon, Merican, and Europe in the direction of destination!”.. International energy reports reveal a decline in the confidence of major companies in the investment climate in Algeria!

صحافة بلادي — International reports specializing in energy and oil affairs have raised major question marks about the future of Algerian gas exports, confirming that legal fluctuations and the politicization of commercial contracts have prompted major American and European companies to wait and reduce their exploration investments.

Erosion of the export surplus due to internal consumption and weak infrastructure

Experts explained that the absence of huge foreign investments to renew production wells in Hassi R’Mel and Hassi Messaoud, in conjunction with the rise in domestic consumption, threatens a decline in the quantities available for export to Europe during the next few years.

A single-source rentier economy incapable of creating wealth and employment

Algerian economists criticized the country’s continued dependence on fuel revenues of more than 93%, at a time when neighboring countries such as Morocco have succeeded in building a diversified industrial and export base in cars, aviation, phosphates and renewable energies.