Algeria will be unable to export a single barrel of oil by 2025 if the current rate of consumption continues at the same pace, the Minister Delegate to the Prime Minister in Charge of Prospective, Mohamed Cherif Belmihoub, said.
Belmihoub, who was a guest at the Echaab newspaper’s forum Tuesday, considered that Algeria is a non-oil country, and this is contrary to what was promoted in previous periods.
“Algeria is a small oil country, which reflects its 13th position in OPEC, which is considered very low rank”, he added.
Belmihoub explained in his statement that the domestic consumption of fuel is becoming very high in Algeria.
“The matter is very positive and gives us a bright picture, but public opinion must know that individual consumption is much greater than industrial consumption”.
In this context, the delegate minister added; “Continuing this proposal in 2025 until 2030 makes Algeria unable to export any barrel of oil”.
In another context, Belmihoub said that his services considered developing a long-term methodology to confront future economic crises before they were surprised by the health crisis that Coronavirus created in Algeria and the whole world.
The spokesman revealed the government’s request to his sector to find a solution to overcome the effects of the health crisis, as it harmed the fragile national economy as well because of the challenges that it had experienced during a full decade.