{"id":113284,"date":"2026-03-16T00:00:00","date_gmt":"2026-03-16T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/menaplus\/?p=113284"},"modified":"2026-04-15T15:14:44","modified_gmt":"2026-04-15T15:14:44","slug":"gcc-countries-face-usd-bns-in-foregone-energy-revenues-and-its-a-boon-for-algeria","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/menaplus\/2026\/03\/16\/gcc-countries-face-usd-bns-in-foregone-energy-revenues-and-its-a-boon-for-algeria\/","title":{"rendered":"GCC countries face USD bns in foregone energy revenues \u2014 and it\u2019s a boon for Algeria"},"content":{"rendered":"

Oil-exporting countries in the Gulf are looking at <\/strong>USD 15.1 bn in foregone<\/a><\/strong>energy<\/a><\/strong>revenues<\/a><\/strong> since the start of the regional conflict<\/strong> due to the near-shutdown of Hormuz. Saudi Arabia has borne the brunt of that figure, accounting for some USD 4.5 bn of the total before pivoting to export more from the Red Sea<\/a>. Meanwhile, Iraq\u2019s options for alternatives look to be dwindling, as Baghdad\u2019s plans to ship oil<\/a> through Turkey\u2019s Ceyhan pipeline is being blocked<\/a> by the Kurdish government. <\/p>\n

While the global energy upheaval is ratcheting up the pressure on Gulf exporters, it has <\/strong>been a boon for Algeria<\/strong>, which is emerging<\/a> as our region\u2019s biggest beneficiary of the surge in crude prices. With Brent rising above the USD 100 mark, the North African country is looking at a narrowed budget deficit, considering its budget assumes oil prices sitting at USD 70 \/ bbl. <\/p>\n

Yeah, but what would Algeria need to balance its books?<\/strong> Oil prices shooting up to around USD 120-125 \/ bbl, according to analyst estimates. <\/p>\n","protected":false},"excerpt":{"rendered":"

With Brent rising above the USD 100 mark, the North African country is looking at a narrowed budget deficit<\/p>\n","protected":false},"author":1,"featured_media":113285,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2635],"tags":[2712,2538,2616,2536,2563,2634],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-113284","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-scorecard","tag-algeria","tag-enterpriseam","tag-iraq","tag-oil-and-gas","tag-saudi-arabia","tag-the-scorecard","wpautop","entry"],"acf":{"mongo_id":"fa32d9ee-c30f-4fd1-8cc7-96cad3d4aa1f","order":"8","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2026\/3\/823.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Winners and losers","related_issue":[113269],"teaser":"This is another fake dek just to keep the atomizer happy","photo_link":"","related_sponsor":"","voice_url":"","en_translation_ref_id":"","section_story_id":""},"yoast_head":"\nGCC countries face USD bns in foregone energy revenues \u2014 and it\u2019s a boon for Algeria - MENA+ Edition<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/menaplus\/2026\/03\/16\/gcc-countries-face-usd-bns-in-foregone-energy-revenues-and-its-a-boon-for-algeria\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GCC countries face USD bns in foregone energy revenues \u2014 and it\u2019s a boon for Algeria\" \/>\n<meta property=\"og:description\" content=\"With Brent rising above the USD 100 mark, the North African country is looking 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