Tuesday, 15 March 2016

Algeria Energy Profile: Leading Natural Gas Producer In Africa (EIA)

Algeria is the leading natural gas producer in Africa, the second-largest natural gas supplier to Europe outside of the region, and is one of the top three oil producers in Africa. Algeria became a member of the Organization of the Petroleum Exporting Countries (OPEC) in 1969, shortly after it began oil production in 1958. Algeria’s economy is heavily reliant on revenues generated from its hydrocarbon sector, which account for about 25% of the country’s gross domestic product (GDP), more than 95% of export earnings, and 60% of budget revenues, according to the International Monetary Fund (IMF).

http://www.eurasiareview.com/15032016-algeria-energy-profile-leading-natural-gas-producer-in-africa-analysis/

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