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)

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

16 Oct 23
Algeria: Edison completes the sale of its stake in the Reggane Nord licence in Algeria to Repsol and Wintershall Dea
Edison has announced that, following the approval by the Algerian authorities of the agreements signed on May 4 and June 29, 2022, it has completed the sale of its 11.25% stake in the Reggane Nord licence, in Algeria, to Repsol (6.75%) and Wintershall Dea (4.50%). The Reggane Nord field produces gas entirely sold to Sonatrach on a long-term basis.
12 Oct 23
Algeria: Eni meets with SONATRACH to discuss gas production and export, investments in the country and energy transition initiatives
Eni met the Minister of Energy and Mines of Algeria, Mohamed Arkab, and the newly appointed CEO of SONATRACH, Rachid Hachichi, in Algiers to discuss gas production and export, investments in the country and energy transition initiatives. Eni and SONATRACH shared the joint programs for the development of Eni’s operated gas production, as well as gas and LNG export to Europe.
10 Jul 23
Algeria: TotalEnergies strengthens its gas partnership with Sonatrach and extends it to renewables
TotalEnergies and Sonatrach have signed a series of agreements to strengthen the cooperation between the two companies in the production of natural gas, the delivery of liquefied natural gas (LNG) to Europe, and the development of renewables in Algeria.
12 Jun 23
Algeria: Petrofac confirms signing of US$1.5 billion EPC contract in Algeria
Petrofac confirms it has entered into a definitive agreement with STEP Polymers SPA (a 100% subsidiary of Sonatrach) for the design and build of its petrochemical complex in the Arzew Industrial Zone in Algeria. As previously announced, Petrofac will deliver the US$1.5 billion project with its joint venture partner China Huanqiu Contracting & Engineering Corporation (HQC), with Petrofac’s share valued at over US$1 billion.
18 May 23
Algeria: Petrofac led JV selected for US$1.5 billion EPC project in Algeria
A Petrofac-led joint venture has been notified of a conditional award by STEP Polymers SPA (100% Sonatrach subsidiary) for a petrochemical engineering, procurement and construction (EPC) contract valued at approx. US$1.5 billion.

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