(Stratfor)ForecastLosing money fast amid low energy prices and declining output, the Algerian government will work to trim its expenses. Algeria will look to foreign investors for help in overhauling its energy sector, making incremental progress toward liberalizing its economy in the process. Declining output in Algeria's own energy sector over the past decade has only made matters worse. Part of the problem is that restructuring the energy industry would threaten the patronage networks that have been built up around Algerian oil and natural gas giant Sonatrach. The country's new constitution, which was updated early last year, also includes several clauses designed to open the Algerian economy to external funding.

Source: The North Africa Journal March 15, 2017 09:00 UTC