Market Size of Algeria Oil and Gas Downstream Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | < 2.33 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Algeria Oil and Gas Downstream Market Analysis
The Algeria oil and gas downstream market is expected to grow at a CAGR of less than 2.33% during the forecast period of 2020 - 2025. Factors such as increasing demand for oil and natural gas and rising investment in refineries are expected to boost the demand for the Algeria oil and gas downstream market during the forecast period. However, decreasing production of oil and gas is expected to impede the growth in the market.
- Algeria has only a few refineries in the country, in 2019, and therefore it is pushing for rapid expansion in the refinery business to reduce its dependence on refined oil imports. Thereby increasing the refining capacity of the country.
- Sizeable natural gas discoveries have been made, in 2019, in southwestern Algeria that is expected to have a capacity to produce some 275 cubic meters of gas and approximately 300 liters of condensate per hour. This could become an opportunity for the new refineries that are expected to process the heavy crude oil.
- Increasing investment in the oil and gas downstream sector, through restoration, expansion and construction of refineries is expected to boost demand in the sector
