Algeria’s entire oil reserves are found onshore and almost 80% of the country’s hydrocarbon production is done by Sonatrach – ...

3. Algeria Algeria has developed solid infrastructure for its natural gas extraction and oil reserves. This has contributed immensely to the economy of the country by being one of the top energy ...

Algeria’s National Agency for the Valorization of Hydrocarbon Resources (ALNAFT) is launching a program to revitalize its ...

Algeria, a country with a rich history in hydrocarbon production, is making significant strides in attracting global oil and gas investments.

Algeria exports 540,000 b/d of its total ... standing at 95 and 75 % respectively. The oil price crash has eroded its finances, trade balance and international reserves. Fiscal deficits have been ...

This exported oil is mostly bought by China. The next headline last weekend noting that OPEC+ would increase production in ...

This 2017 Article IV Consultation highlights Algeria’s continued challenges posed by lower oil prices. Overall economic activity ... assumption of government-guaranteed debt. International reserves, ...

He has also argued that the daily amount of oil put into the reserve pales in comparison to worldwide consumption and therefore would have a negligible impact on the price at the pump.