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  • Who owns Algeria's new oil refinery?
  • Algeria’s state-owned Sonatrach will be the owner and the operator of the £2.8bn ($3.68bn) oil refinery facility which is scheduled to start operations in the first half of 2024. The project’s construction work will be executed by a joint venture (JV) of Korea’s Samsung Engineering (45%) and Spanish firm Técnicas Reunidas (55%).
  • What are the major oil and gas companies in Algeria?
  • This document lists major oil and gas companies in Algeria and their ongoing and future projects from 2022-2023. 1. SONATRACH is the largest national Algerian oil and gas company with 17 subsidiaries. It plans to invest nearly $40 billion during 2022-2026 on projects including integrated phosphate production and Hassi Messaoud refinery expansion.
  • What type of oil does Algeria produce?
  • Algeria’s oil fields produce high quality, light, sweet crude oil with a very low sulfur content. The country's main crude oil grade is the Sahara blend (API gravity of 46.0° and a sulfur content of 0.10%), which is a blend of crude oils produced at fields in the Hassi Messaoud region.3 Algeria's largest oil fields are mature.
  • How much oil does Algeria produce a day?
  • Amounting to over 12 billion barrels, its proven crude oil reserves are the third-largest in Africa after those of Libya and Nigeria. In 2021, crude oil production stood at around 1.4 million barrels per day. Oil and fossil fuels dominate Algeria's industrial sector, create significant export value, and impressively contribute to the economy.
  • Does Algeria import crude oil?
  • According to our estimates and Kpler’s estimates, Algeria imports virtually no crude oil. Crude oil exports from Algeria averaged about 599,000 barrels per day (b/d) between 2012 and 2021, including a decrease in 2020 because of the COVID-19 pandemic’s impact on global petroleum consumption.
  • How much energy does Algeria import?
  • Algeria imports very little energy as its domestic consumption is met by its own oil and natural gas production, which is heavily subsidized. Natural gas and oil account for almost all of Algeria's total primary energy consumption. Algeria’s oil fields produce high quality, light, sweet crude oil with a very low sulfur content.