Vegetable Oil Production Line From Oil in Algeria

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.
How did Algeria’s oil industry perform in 2021?
Encouraged by higher global demand and prices, Algeria increased production from 175.9 million tons of oil equivalent (toe) in 2020 to 185.2 million toe in 2021. Over the same period, hydrocarbon export revenues rose from $20 billion to $34.5 billion. At last, Algeria’s ruling system was getting what it had wished for: some breathing room.
What is the Algerian Agriculture RoadMap 2020-2024?
Report Highlights: In September 2020, the Algerian Minister of Agriculture (MoA) presented the Algerian Agriculture Roadmap 2020-2024, which offers opportunities for U.S. Exporters and Investors despite its overall objective to reduce imports.
Why is Algeria a major exporter of oil & gas?
Algeria is an important producer and exporter of oil and gas and supplies a significant portion of Europe’s energy requirements. Natural gas and petroleum dominate the economy; in 2003, estimated exports of hydrocarbons were valued at more than 90% of total exports, and around 30% of gross domestic product (GDP).