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.
What is the status of agricultural production in Algeria?
Agricultural Production: Vegetable: Industrial Crops: Industrial Tomatoes data remains active status in CEIC and is reported by Ministry of Agriculture and Rural Development. The data is categorized under Global Database’s Algeria – Table DZ.B006: Agricultural Production .
What is Algeria doing in 2021?
The sector is working to grow corn on 18,000 ha, aiming to produce 88,000 MT in 2021, which is expected to reduce the import bill by 2%. Regarding vegetable oils, Algerian domestic demand amounts to $583 million, that is a quantity of 1 MMT/year and $600 million of soybean residues, with a quantity of 1.4 MMT/year.
How much oil does Algeria import a year?
For the vegetable oil sector, Algeria imports more than $1.3 billion oil/year. As such, rapeseed is being cultivated in the north on more than 3,500 hectares. A program is set to replicate this approach for other commodities.