Algeria

Oil is a major source of income for eight African countries – OWID

Simon van Teutem for Our World in Data February 24, 2025

Oil production plays an important role in the economy of many African countries. The chart shows oil rents as a percentage of gross domestic product (GDP) for the nine African nations most reliant on it, Our World in Data reports.

Sanctioned Russian cargo ship sinks in Mediterranean after explosion

bnm Gulf bureau December 24, 2024

A sanctioned Russian cargo vessel, Ursa Major, has sunk in the Mediterranean Sea between Spain and Algeria.

Russia's budget oil breakeven price world’s second lowest as oil revenues recover

bne IntelliNews September 13, 2024

The Institute of International Finance (IIF) has forecast a decrease in Russia’s fiscal breakeven oil price (the amount to balance the external current account) to $77 per barrel by 2025, supported by a recovery in oil and gas revenues.

Southeast European countries look to Algeria to diversify energy supplies

bne IntelliNews June 3, 2024

Both Slovenia and Croatia are tapping Algeria for gas imports as the country becomes an important supplier to southern Europe.

Slovenia turns back to Algerian gas after flirtation with Russian supplies

Valentina Dimitrievska in Skopje May 26, 2024

Slovenia used to get 30% of its gas from Algeria via Italy, then opted to rely on Russia. Now Ljubljana is scrambling to diversify.

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