Market Size of Algeria Oil And Gas Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Market Volume (2024) | 1.53 Million barrels per day |
| Market Volume (2029) | 1.81 Million barrels per day |
| CAGR (2024 - 2029) | 3.41 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Algeria Oil and Gas Market Analysis
The Algeria Oil And Gas Market size in terms of production volume is expected to grow from 1.53 Million barrels per day in 2024 to 1.81 Million barrels per day by 2029, at a CAGR of 3.41% during the forecast period (2024-2029).
- Over the medium term, factors such as increasing oil and gas investments, increasing refining capacity, and plans to improve oil production are expected to increase the growth for the Algeria oil and gas market.
- On the other hand, the lack of investments by the government due to high domestic spending is expected to restrain the market.
- Nevertheless, major changes in legislation regarding the oil and gas industry are expected to attract multinational and local companies to compete further and increase the market growth. The upstream sector is the largest segment of the Algeria oil and gas industry which would likely dominate the market.
