Algeria to Meet Oil Domestic Demand by 2024

Algeria to Meet Oil Domestic Demand by 2024

Algerian production of oil by-products will reach 45m tons in 2024, with the new refineries of Hassi Messaoud, Tiaret and Biskra going into operation, according to Algeria’s Minister of Energy, Salah Khebri. This additional volume will allow Algeria to meet the domestic demand and the one from external markets.

The Minister detailed that the refineries of Hassi Messaoud and Tiaret will start running in 2020, and with Biskra scheduled for 2024, it will add 15m tons to the country’s production, Brazil-Arab News Agency reported.

According to Forbes, state-owned Sonatrach believes $40b investment into field exploration and production can increase output 15% by 2019. Natural gas is nearly 70% of the country’s hydrocarbon reserve base.

Despite the decrease in exports by 30% in recent years, Algeria has still been 2nd or 3rd place in supplying gas to Europe, along with Russia and Norway. LNG is 45% of Algeria’s gas exports, accounting for 2bcf/day, or 5-6% of global LNG.


Welcome! Login in to your account

Remember me Lost your password?

Don't have account. Register

Lost Password