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Posted August 4, 2015Today in Energy

Algeria is reforming its laws to attract foreign investment in hydrocarbons ›

Algeria is the third-largest oil producer in Africa, after Nigeria and Angola, and the largest natural gas producer in Africa. However, production of both oil and natural gas has declined over the past decade. This declining production has led the Algerian government to amend its law regarding foreign investment in hydrocarbons in an attempt to attract the investment and technology improvements needed to help stop production declines. More

Source: EIA, International Energy Statistics


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WTI crude oil futures price

8/3/2015: $45.17/bbl

down$2.22 from week earlier
down$52.71 from year earlier

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8/3/2015: $2.748/mmBtu

down$0.041 from week earlier
down$1.050 from year earlier

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8/3/2015: $2.689/gal

down$0.056 from week earlier
down$0.826 from year earlier

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8/3/2015: $2.668/gal

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down$1.185 from year earlier

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7/25/2015: 17.822 million tons

up0.621 million tons from week earlier
down2.096 million tons from year earlier


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