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

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.
01 Mar 23
Algeria: Eni achieves the closing for the acquisition of BP’s business in Algeria, operating two major gas fields
Eni has achieved the closing for the acquisition of BP business in Algeria, regarding the two gas-producing concessions 'In Amenas' and 'In Salah', which are jointly operated with Sonatrach and Equinor.
23 Jan 23
Algeria: Eni and Sonatrach sign strategic agreements to accelerate emissions reduction and strengthen energy security
The companies will identify opportunities for the reduction of greenhouse gas and methane gas emissions and will define energy efficiency initiatives, renewable energy developments, green hydrogen projects and carbon dioxide capture and storage projects, to support energy security and at the same time a sustainable energy transition.
10 Jan 23
Algeria/Italy: Eni-Snam partnership for gas pipelines between Algeria and Italy finalised
Today saw the closing of Snam’s acquisition of 49.9% of the equity interest directly and indirectly held by Eni in the companies operating two groups of international gas pipelines connecting Algeria to Italy. More specifically, the scope of the transaction includes the onshore gas pipelines running from the Algeria and Tunisia borders to the Tunisian coast (TTPC), and the offshore gas pipelines connecting the Tunisian coast to Italy (TMPC).
14 Dec 22
Algeria: Production starts at Tinrhert field development project in Algeria
Petrofac has reported that its client, Sonatrach, has announced the completion of production start-up of the Tinrhert to Ohanet gas field in Algeria.

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