15 January 2019

Algeria: Hydrocarbons - Algeria Still Has Large Production Capacity

Illizi (Algeria) — The chief executive officer of Sonatrach Group, Abdelmoumen Ould Kaddour, said Monday that Algeria still has a large capacity to produce oil and gas.

"If there is a drop in national oil production, it is due to the respect of the quotas reduced as part of the OPEC/non-OPEC agreement," Ould Kaddour said at a press briefing during a visit to many provinces.

In reply to a question about the figures published recently by the National Statistics Office, Ould Kaddour underlined a fall by 7.8% in hydrocarbon output in the third quarter 2018, compared with the same period in 2017.

According to the CEO of Sonatrach, even if Algeria has a large a capacity to produce oil, it cannot produce as it does today because of the threshold.

See also: OPEC-Non-OPEC: Algeria cut output by nearly 25,000 barrels per day

"For crude oil, there is a threshold, so we cannot produce more than today even if we have the required capacity."

In gas production, however, there is no threshold, Ould Kaddour said.

"Sonatrach should focus more on gas as it can produce as it wants, mainly for the development of the petrochemical industry."

Algeria

As the West Toasted Men On the Moon, Algeria Held a Party to a Post-Imperial World

The First Pan-African Cultural Festival, known as PANAF, formally opened in Algiers on 21 July 1969. This was the day… Read more »

See What Everyone is Watching

More From: Algerie Presse Service

Don't Miss

AllAfrica publishes around 700 reports a day from more than 140 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.