Algeria’s oil export revenues drop 13% y/y in 2025 to $22.4bn despite higher shipments

Algeria saw its oil export revenues decline by 13% year-on-year (y/y) in 2025 to $22.4bn, despite a slight increase in export volumes, Attaqa reported on May 14, citing data compiled by the Organisation of the Petroleum Exporting Countries (OPEC) and analysed by Energy Research Unit.

The drop came as global crude prices weakened sharply during the year. Average Brent Crude prices fell to around $70 per barrel in 2025, down from roughly $80 in 2024, marking the steepest annual decline since the Covid-19 pandemic period. Although Algeria’s oil exports rose by 20,000 barrels per day to reach 996,000 bpd in 2025, weaker prices weighed heavily on overall revenues. Export earnings had previously stood at $25.8bn in 2024.

Historically, Algeria recorded its highest-ever oil export revenues in 2008, when earnings reached $53.6bn as crude prices surged close to $150 per barrel during the global commodities boom. Over the past decade, Algeria generated cumulative oil export revenues of around $233bn. The country’s earnings have remained highly sensitive to fluctuations in international oil prices and production levels.

Oil export revenues first exceeded $1bn in 1972 and later crossed $12.9bn in 1980. Since 2000, revenues have experienced a strong upward trend, peaking in 2008. Meanwhile, Algeria’s crude oil exports reached a historic high of more than 1.7mn barrels per day in 2007 before gradually declining. Exports have remained below 1mn bpd since 2020. According to OPEC data, Algeria currently holds proven oil reserves of 12.2bn barrels, making it Africa’s third-largest holder after Libya and Nigeria.