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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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8/3/2015: $45.17/bbl

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