Tag Archives: Algeria

Algeria spent $2 billion on imports of refined products 2017.

Algeria relies heavily on energy earnings.

Italy’s gas imports have tipped away from Algeria towards Russia in recent years as Algerian production has stagnated.

Oil and gas together account for 95 percent of Algeria’s export revenues and contribute 60 percent to its annual budget.

Energy Secretary Alfonso Cusi said the Alegria field had the potential to support a 60-MW power plant.

Algeria remains dependent on oil and gas earnings. which provide 60 percent of the state budget.

BP and Statoil are already present in Algeria. working with Sonatrach at the Tiguentourine gas plant in the region of In Amenas.

Algeria is a major gas supplier to Europe.

Algeria ranks third globally after China and Argentina in technically recoverable shale gas reserves.

Holding first meeting of Joint Energy Meeting is a major step for working out cooperation framework.