KPMG report says Algeria is largest energy producer in Mediterranean
2006-05-23
The 2006 KPMG investors' report indicated Algeria is the largest gas and oil producer and exporter in the Mediterranean region. Algeria is ranked 15th in the world in oil reserves, 18th in terms of production and 12th in energy exports. Algerian refining capacities were estimated at 22 million tonnes per year in 2005, while proven hydrocarbon reserves stand at 45 billion tonnes in oil equivalent. Based on proven natural gas reserves, Algeria was ranked fifth in gas production and third in exports. Algeria holds 50 per cent of total oil and gas reserves in the Mediterranean region and accounts for 94 per cent of total natural gas exports, the report stated. (Liberte)
This content was commissioned for Magharebia.com.
Loading
Email to a friend
Print version
We welcome your comments on Magharebia's articles.
It is our hope that you will use this forum to interact with other readers across the Maghreb. In order to keep this experience interesting, we ask you to follow the rules outlined in the comments policy. By submitting comments, you are consenting to these rules. While Magharebia.com encourages discussion on all subjects, including sensitive ones, the comments posted are solely the views of those submitting them. Magharebia.com does not necessarily endorse or agree with the ideas, views, or opinions voiced in these comments. This is a moderated forum. Comments deemed abusive, offensive, or those containing profanity may not be published.
Magharebia's Comments Policy