nut oil production line in algeria

                                               
                                               
                                               
                                               
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  • How much energy does Algeria import?
  • Algeria imports very little energy as its domestic consumption is met by its own oil and natural gas production, which is heavily subsidized. Natural gas and oil account for almost all of Algeria's total primary energy consumption. Algeria’s oil fields produce high quality, light, sweet crude oil with a very low sulfur content.
  • 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.
  • Why is Algeria a volatile oil market?
  • Algeria is essentially dependent on the hydrocarbon industry, and at the same time vulnerable to the volatile oil market. The first oil discoveries in Algeria date back to 1956. While French colonizers initially had control of local production, Algeria started to directly manage its oil resources after the 1962 War of Independence.
  • What type of oil does Algeria produce?
  • Algeria’s oil fields produce high quality, light, sweet crude oil with a very low sulfur content. The country's main crude oil grade is the Sahara blend (API gravity of 46.0° and a sulfur content of 0.10%), which is a blend of crude oils produced at fields in the Hassi Messaoud region.3 Algeria's largest oil fields are mature.