Algeria becoming North Africa's reserves hot spot

An estimated $50-73 billion in investment is expected to be spent in the next 10 years developing Algeria's oil and gas reserves potential of 43 billion bbl of oil and 282 tscf of natural gas, according to a study released in June by analysts at Surry, UK-based Bayphase Ltd.In the study, Bayphase's Technical Director Malcolm Brierley and Managing Director Geoff Eyre analyzed Algeria's upstream oil and gas fields, including the assets and development of its three main oil and gas basins—Trias-Ghadames or Berkine, Ahnet-Grand Erg, and Illizzi—as well as the emerging Reggane basin and the country's pipelines and oil export terminals, its refineries, petrochemical ...

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