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.
Which sector will dominate the Algerian oil & gas market?
The upstream sector, which is the largest segment of the Algerian oil and gas industry, is expected to dominate the market. The industry is also expected to benefit from the country’s vast untapped natural gas and oil reserves.
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.