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.
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 major oil producer and exporter?
In addition, Algeria solidified its role as a main oil producer and exporter in the international landscape by joining the Organization of the Petroleum Exporting Countries (OPEC) in 1969. Hydrocarbons massively contribute to the Algerian foreign trade, as oil and mineral fuels account for around 95 percent of the total exports.