Algeria Crude Oil: Production was reported at 961.000 Barrel/Day th in Oct 2023 This records an increase from the previous number of 958.000 Barrel/Day th for Sep 2023 Algeria Crude Oil: Production data is updated monthly, averaging 1,149.000 Barrel/Day th from Jan 2002 to Oct 2023, with 262 observations
What was Algeria crude oil production in Oct 2023?
Algeria Crude Oil: Production was reported at 961.000 Barrel/Day th in Oct 2023 See the table below for more data. Includes Crude Oil: Production on 62 economies standardised by CEIC. Instant access to full history data in excel.
How big is Algeria’s natural gas market?
In terms of market size, Algeria has the tenth-largest proven natural gas reserves globally, is the world’s fourth-largest gas exporter, and has the world’s third-largest untapped shale gas resources. It also ranks sixteenth in proven oil reserves and exports roughly sixty percent of its total production.
When did Algeria start producing oil?
Algeria was first known as the Kingdom of Numidia, whose most famous kings were Syphax, Massinissa and Jugurta. They ruled during the second and third century BC. Algeria’s first commercial oil discovery was Edjelleh in 1956, followed immediately by the Hassi Messaoud oil field the same year. Production began in 1958.
Why did Algeria halve its oil & gas investment?
Algeria, which relies heavily on the energy sector, last year halved planned investment spending in oil and gas to $7 billion to cope with financial pressure caused by a fall in global crude oil prices due to the pandemic.
Will OPEC increase oil and gas investment in Algeria?
REUTERS/Ramzi Boudina/File Photo Acquire Licensing Rights ALGIERS, Sept 13 (Reuters) – OPEC member Algeria plans to increase investment in its oil and gas sector by $2.6 billion next year to boost production by 8.9 million tonnes of oil equivalent, Prime Minister Ayman Benabderrahmane said on Monday.
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