Algeria Oil and Gas Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
The market for oil and gas in Algeria is expected to grow at a CAGR of more than 1.5% during the forecast period of 2020 – 2025. Factors such as increasing natural gas pipeline, increasing refining capacity, and plans to improve oil production are expected to increase the growth for the Algeria oil and gas market during the forecast period. However, competition in the European gas market with large producers like Russia and the United States is expected to restrain the market.
Key HighlightsThe Algerian oil and gas market is moderately consolidated. The major companies include Eni S.p.A., Sonatrach S.p.A., China National Petroleum Corporation, Equinor ASA, and BP p.l.c.
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