Middle East / Africa

Algeria flag
Summary | Profile

Country profile: Algeria

Location: Northern Africa, bordering the Mediterranean Sea, between Morocco and Tunisia
Climate: arid to semiarid; mild, wet winters with hot, dry summers along coast; drier with cold winters and hot summers on high plateau; sirocco is a hot, dust/sand-laden wind especially common in summer
Terrain: mostly high plateau and desert; some mountains; narrow, discontinuous coastal plain
Size: 2381740 sq. km total (Land area: 2381740 sq. km )
Population: 33,769,669 (July 2008 est.)
Languages: Arabic (official), French, Berber dialects
Government: republic
Capital city: Algiers
Legal system: socialist, based on French and Islamic law; judicial review of legislative acts in ad hoc Constitutional Council composed of various public officials, including several Supreme Court justices; has not accepted compulsory ICJ jurisdiction
Currency: Algerian dinar (DZD)
Licensing:

Country profile

Algeria has experienced a significant economic upturn in recent years. In 2006, Algeria’s real gross domestic product (GDP) growth rate was 4.0 percent. Oil and natural gas exports, which made up 98 percent of Algerian exports (by value) in 2006, are the main driver of Algerian economic growth. With continuing investments being made in Algerian oil and gas development, both sectors have potential for increasing production capacity over the next few years.

Energy production and consumption


Oil Gas
Production: 2 million bbl/day (2005 est.) 84 billion cu m (2005 est.)
Consumption: 250,000 bbl/day (2005 est.) 21 billion cu m (2005 est.)
Exports: 1 million bbl/day (2004 est.) 62 billion cu m (2005 est.)
Imports: 12,390 bbl/day (2004 est.)  
Reserves: 14 billion bbl (2007 est.) 4 trillion cu m (1 January 2006 est.)
Major fields:



Algeria - recent news

17 Aug 20
Algeria: Wintershall Dea signs MOU with Algeria’s Sonatrach
Wintershall Dea has signed a Memorandum of Understanding with Sonatrach, aimed at strengthening cooperation in Algeria. The MOU agrees to explore cooperation possibilities and has a term of two years.
30 Jul 20
Algeria: SONATRACH signs MoUs with OMV and CEPSA
SONATRACH has signed MoUs with OMV and CEPSA to to jointly invest in exploration, development and production of hydrocarbons in Algeria and internationally.
02 Jul 20
Algeria: Neptune Energy announces major milestone for Touat gas facility
Neptune Energy has announced a major milestone for the Touat gas facility in Algeria, with day-to-day operations having been formally passed to Groupement Touat Gaz (GTG).
28 Jun 20
Algeria: Total and Sonatrach extend their partnership in Liquefied Natural Gas
Total and Sonatrach have signed an agreement to renew their partnership in the field of liquefied natural gas (LNG). This agreement notably allows to extend the existing supply contracts for 3 additional years in order to provide 2 million tons per year of Algerian LNG to the French market, primarily through the LNG terminal at Fos Cavaou.
31 May 20
Algeria: SONATRACH acquires additional stake in Medgaz pipeline from Spain’s Cepsa
SONATRACH has completed a transaction to acquire 19.10% of the shares held by the Spanish company CEPSA in the Medgaz Company, which increases its stake to 51% in the company Medgaz, which manages and operates the offshore gas pipeline directly connecting Algeria to Spain.

Algeria - more news

Other countries in this region




A global information service for upstream oil and gas opportunities - divestitures, farmins and farmouts and licensing rounds.


Subscriber Only Deals

Current Deals

Current Upstream Deals: 362

Completed Deals

Completed Upstream Deals: 5520

Company Profiles

Current Company Profiles: 2730

Corporate Activity

Current Corporate Activity articles: 3514

Companies Looking

Current number of articles: 440

Company Sales

Current Company Sales articles:1426

Geostudies

Current Geostudies articles: 741

How to subscribe

energy-pedia Jobs

RSS Feed Widget
See all jobs...


energy-pedia Databank

The energy-pedia databank contains links to information on the world financial and energy markets, including share prices, oil and gas prices and the global stock exchanges. Read more...



energy-pedia Glossary

A list of commonly used terms in the oil and gas industry. Read more...

Subscribe

Subscribe to the FREE
energy-pedia Daily Newsletter
Subscribe

Government of South Australia
SLR Consulting logo
Geoespace
OPC
Union Jack Oil 149
Rose & Assocs 149
KL Publishing
Bayphase
energy365
About energy-pedia

energy-pedia news is a FREE news service written and edited by E and P professionals for E and P professionals.

We don't just report the news, we give you the technical background as well, with additional information derived from our unique energy-pedia opportunities service.
Contact us

energy365 Ltd

238 High Street
London Colney
St Albans
UNITED KINGDOM

Tel: +44(0)1727 822675

Email: info@energy-pedia.com