Abedlatif Benachenhou "Why Algeria is not an emerging country" :

Describing Algerian imports as "artificially inflated", he called for another policy in the energy sector and a policy of import substitution."We are in a crisis of traditional international specialisation." 

Professor  Benachenhou indicated that since 2006, the production and export volumes, of oil and gas have diminished, the Algerian daily Liberte reported

For oil, the Algerian market is bullish and the customers are diverse. This is not the case for gas  in terms of prices and volumes. Four countries account for 92% of the sales of Algerian gas (44% Italy, Spain 28%, France 12% and Turkey 8%). Apart  from Turkey, Algeria's traditional market for gas, Southern Europe, is in economic decline. Professor Benachenhou called for a debate on the hydrocarbons sector, which represents between 45% and 50% of gross domestic product, 70% of budget revenues and 98% of external revenue,he said.

He said that investment had to be valid and the structure of Algerian investments were unbalanced.hesaid that of 33% of gross domestic product invested by Algeria, productive investment represented less than 2%, and this revealled a problem of productive investment.

 Algeria has not yet developed a culture of economic dialogue he affirmed. strenghtening the hydrocarbons sector also need to be accompanied by reforms in the internal market especially agricultureand sectors such as food,pharmacy and the construction sector.He called for alternative policies for energy and import substitution.

The import bill could be reduced to $35 billion he affirmed.The system of prices and subsidies had to be overhauled to achieve investment recovery, he affirmed.

He concluded that It is not acceptable to have 56 billion euros in the Regulation  Fund (FRR) and only 2% of GDP in productive investment. He called for improved public sector governance and avertical growth contract with the private sector.