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Sonatrach S.P.A. is the largest oil and gas company in Algeria and in Africa. The company operates in exploration, production, pipeline transportation, transformation and marketing of hydrocarbons and by-products. Who are the biggest oil companies in Algeria?
Could Algeria double its oil and gas production in 10 years?
The US Energy Information Administration estimates that Algerian crude oil reserves amount to about 12.2 billion barrels but Algeria could potentially double its oil and gas production in the next ten years as the Sahara is a largely unexplored territory.
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.
Who is the major oil and gas EPC in Algeria?
The company is the major oil and gas EPC in Algeria. Its businesses cover the entire oil and gas chain, from crude oil and natural gas exploration and production to power generation, transportation, refining, petroleum product marketing, and international crude oil and product trading. 5. Anadarko Petroleum