ECONOMIC OVERVIEW
Currency: Algerian Dinar (AD)
Market Exchange Rate (1/03E): US$1 = AD 76.5
Gross Domestic Product (at market exchange rates) (2002E): $55.1
billion
Gross Domestic Product (at purchasing power parity rates) (2001E): $177
billion
Real GDP Growth Rate (2002E): 3.4% (2003F): 4.3%
Inflation Rate (consumer prices) (2002E): 1.1% (2003F): 1.2%
Major Export Products (2002): Petroleum and natural gas
Major Import Products (2002): Industrial equipment; intermediate
goods; food; consumer goods; capital goods.
Merchandise Exports (2001E): $14.3 billion
Merchandise Imports (2001E): $11.0 billion
Merchandise Trade Balance (2002E): $3.3 billion
Current Account Balance (2002E): $0.3 billion
Oil Export Revenues (2002E): $11.8 billion
Foreign Exchange Reserves
(2002E): $21.8 billion
Total External Debt (2002E): $20.5 billion
ENERGY OVERVIEW
Energy Minister: Chekib Khelil
Proven Oil Reserves (1/1/03E): 9.2 billion barrels
Oil Production (January-October 2002E): 1.46 million barrels per
day (bbl/d), of which 0.84 million bbl/d was crude oil, 0.43 million
bbl/d was lease condensates, and 190,000 bbl/d was natural gas liquids
Crude Oil Production Capacity (1/03E): 1.1 million bbl/d
Oil Consumption (2002E): 208,000 barrels per day (bbl/d)
Net Oil Exports (January-October 2002E): 1.25 million bbl/d
U.S. Oil Imports from Algeria (January - October 2002E): 275,000
bbl/d
Crude Oil Refining Capacity (1/1/03E): 450,000 bbl/d (according
to the Oil and Gas Journal)
Natural Gas Reserves (1/1/03E): 159.7 trillion cubic feet (Tcf)
Natural Gas Production/Consumption (2000E): 2.9 trillion cubic
feet (Tcf)
Electricity Generation Capacity (2000E): 6.0 gigawatts (95% thermal
-- mainly natural gas; 5% hydroelecric)
Electricity Production (2000E): 23.6 billion kilowatthours
ENVIRONMENTAL OVERVIEW
Total Energy Consumption (2000E): 1.23 quadrillion Btu* (0.3%
of world total energy consumption)
Energy-Related Carbon Emissions (2000E): 22.7 million metric tons
of carbon (0.4% of world total carbon emissions)
Per Capita Energy Consumption (2000E): 39.4 million Btu (vs U.S.
value of 351.0 million Btu)
Per Capita Carbon Emissions (2000E): 0.7 metric tons of carbon
(vs U.S. value of 5.6 metric tons of carbon)
Energy Intensity (2000E): 23,993 Btu/$1995 (vs U.S. value of 10,918
Btu/ $1995)**
Carbon Intensity (2000E): 0.44 metric tons of carbon/thousand
$1995 (vs U.S. value of 0.17 metric tons/thousand $1995)**
Sectoral Share of Energy Consumption (1998E): Industrial (49.2%),
Transportation (22.0%), Residential (28.8%)
Sectoral Share of Carbon Emissions (1998E): Industrial (46.0%),
Transportation (26.0%), Residential (27.9%)
Fuel Share of Energy Consumption (2000E): Natural Gas (66.5%);
Oil (31.9%); Coal (1.7%)
Fuel Share of Carbon Emissions (2000E): Natural Gas (67.9%); Oil
(30.1%); Coal (2.0%)
Renewable Energy Consumption (1998E): 11.9 trillion Btu* (47%
decrease from 1997)
Number of People per Motor Vehicle (1998): 19.2 (vs. U.S. value
of 1.3)
Status in Climate Change Negotiations: Non-Annex I country under
the United Nations Framework Convention on Climate Change (ratified June
9th, 1993). Not a signatory to the Kyoto Protocol.
Major Environmental Issues: Soil erosion; desertification; river
and coastal water pollution due to the dumping of raw sewage, petroleum
refining wastes, and other industrial effluents; inadequate supplies
of potable water..
Major International Environmental Agreements: A party to Conventions
on Biodiversity, Climate Change, Desertification, Endangered Species,
Environmental Modification, Law of the Sea, Ozone Layer Protection, Ship
Pollution, Wetlands. Has signed, but not ratified, the Nuclear Test Ban
Treaty.
* The total energy consumption
statistic includes petroleum, dry natural gas, coal, net hydro, nuclear,
geothermal, solar, wind, wood and waste electric power. The renewable energy
consumption statistic is based on International Energy Agency (IEA) data
and includes hydropower, solar, wind, tide, geothermal, solid biomass and
animal products, biomass gas and liquids, industrial and municipal wastes.
Sectoral shares of energy consumption and carbon emissions are also based
on IEA data.
**GDP based on EIA International Energy Annual 2000
OIL AND GAS INDUSTRY
Major State Companies: Enterprise Nationale pour la Recherche,
la Production, le Transport, la Transformation et la Commercialisation
des Hydrocarbons (Sonatrach) - State-owned company for exploration, transport
and marketing of petroleum, natural gas and related products; Enterprise
Nationale de Raddinage des Produits Petroliers (Naftec) - Operates and
manages all refineries; Enterprise Nationale de Commercialisation et
de Distribution des Produits Petroliers (Naftel) - Domestic product distribution.
Societe de Conditionnement, Comercialisation & Transport de Gas Industriels
(Cogiz) - produces natural gas by-products.
Oil Export Terminals: Arzew
(Algeria's largest crude oil export port), Skikda (Algeria's second largest
crude oil export port), Algiers, Annaba, Oran, plus the Tunisian facilities
of Bejaia and La Skhirra.
Major Oil Fields: Hassi Messaoud (Algeria's largest oil field),
Rhourde el-Baguel (Algeria's second largest oil field, located to the
northeast of Hassi Messaoud), Tin Fouye Tabankort Ordo, Zarzaitine, Haoud
Berkaoui/Ben Kahla, el-Gassi el-Agreb, Ait Kheir.
Major Natural Gas Fields: Hassi
R'Mel, Rhourde Nouss, Rhourde Nouss Sud-Est, Rhourde Adra, Rhourde Chouff,
Rhourde Hamra fields. Smaller gas reserves are located in the In Salah
region (5-10 Tcf) as well as at the Tin Fouye Tabankort (TFT)(5.1 Tcf),
Alrar (4.7 Tcf), Ouan Dimeta (1.8 Tcf), and Oued Noumer fields. Sources for this report include: Africa Energy Intelligence; Africa News;
Africa Oil and Gas Bulletin; Africa Research Bulletin, AFX.COM, The Age (Melbourne);
AP Worldstream; APS Review Gas Market Trends; APS Review Oil Market Trends;
The Australian; Business Wire; CIA World Factbook 2002; CWC Africa Energy
Alert; Dow Jones International; Economist Intelligence Unit; Energy Day;
Europe Information Service; Financial Times; Middle East Economic Digest
(MEED); Middle East Economic Survey (MEES); Middle East Executive Reports;
Middle East News Online; Oil and Gas Journal; Petroleum Economist; Petroleum
Intelligence Weekly; PR Newswire; U.S. Energy Information Administration;
Weekly Petroleum Argus; World Gas Intelligence; World Markets Online.
Oil Refineries (crude refining capacity bbl/d, 2003E): Skikda
(300,000), Algiers (60,000), Arzew (60,000), Hassi Messaoud (30,000)
LNG Facilities: Arzew GL4Z, Arzew GL1Z, Arzew GL2Z, Skikda GL1K
Selected Foreign Energy Company Involvement: Agip, Amerada Hess,
Anadarko, Burlington Resources, BHP Billiton, BP, Cepsa. Conoco, Edison,
ENI, ExxonMobil, Gaz de France, Halliburton, Lasmo, Louisiana, Maersk,
Neste Oy, Oryx, PetroCanada, Petrovietnam, Phillips, Ranger, Repsol,
Sasol, Samsung, Sun Oil, Talisman, TotalFinaElf, Tullow, Wintershall,
YPF.